Isaiahgr3

QIWI short idea

Short
MOEX:QIWI   QIWI PLC
a fall past 1250 RUBs would cause me to short this stock. However, the odds are high of the stock bouncing at the support line. The RSI is in the oversold zone and there is two support lines in the 1250 range. This is a strong sell off and it could be the case that we see the stock fall even further. Volume is contracting and we could see a big price move either way.

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