RASP - It seems market is counting on dividends...
... to be payed.
Although the decision is not yet certain due to redomiciliation of head-company Evraz not yet launched by the management, my ElliotWave projection and price and volume analysis, shows that at least one more move higher to Aug's high and even beyond to 430-460 area could be considered by local short-term swing traders and or even position investors if personal risk-management parameters can tolerate higher single digit volatility.
Thesis: if price holds above 319-307 support zone, and more preferable above 50D MA (red-line on the chart), any potential break-out above 360 pivot may be actionable for longs with tight 3-5% stoploss rules.
Although the decision is not yet certain due to redomiciliation of head-company Evraz not yet launched by the management, my ElliotWave projection and price and volume analysis, shows that at least one more move higher to Aug's high and even beyond to 430-460 area could be considered by local short-term swing traders and or even position investors if personal risk-management parameters can tolerate higher single digit volatility.
Thesis: if price holds above 319-307 support zone, and more preferable above 50D MA (red-line on the chart), any potential break-out above 360 pivot may be actionable for longs with tight 3-5% stoploss rules.
Trade active:
Entered on 6th of October with average cost at 358 pivot area
Мой телеграмм канал: t.me/marketartistry
