With a strong performance in Aluminium, Rusal will start to move out of long term downtrend. Price of Rusal has tested the based 3 times and poise for a potential breakout with a immediate resistance at $7. Rusal tend to have the strongest performance between April in the past and tend to fall sharply in Jan.
If price can break out and retest $6 , we expect it to grow towards $10 and follow by $13 by end of year
With an estimate to be $24 to $36.
If price can break out and retest $6 , we expect it to grow towards $10 and follow by $13 by end of year
With an estimate to be $24 to $36.
Comment:
with aluminium getting all time high, the price of stock has hit above $7 with our further target to $10 on track by end of year.