Russia’s trapped domestic investors push stock market to 2-years high.
Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict.
A rise of more than...
Why does the index show a desire to grow?
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Does this suggest War will go end?
A multi-year triangle gives us a clue.
Triangles are one of the most recognizable patterns in the Elliott Wave Principle. As with all wave patterns, they occur at every time scale and the large-degree triangles are especially interesting because they often contain a notable socionomic element.
Large-degree triangles in...
Weekly and monthly RTSI index chart are quite fascinating to study. This time was the third time it bottoms and bounces from the major top from 1997.
RTSI short term target @ 1678
Long term, headed towards new ATH.
MOEX:RTSI
MOEX:RTSI
I like to trade H&S formations because there is usually a good base for managing a trade. As long as price stays above H&S neckline (>107777) you can long with no fear, no doubts, no panic. Remember that RTSi is a high-risk asset because rush moves sometimes happen, so RM is absolutely mandatory here. There are no simple trades.
RTS is finishing wave a of larger E of the triangle. Trough should be expected sometimes in June-Sept later this year. Short term is bullish in wave b of E.
End of subwave C in wave B in triangle
The triangle of death is gradually ending - which will reset the economy of the Russian Federation
Hurrah Comrades!
Start subwave D in wave B in triangle
The triangle of death is gradually ending - which will reset the economy of the Russian Federation
Hurrah Comrades!
RTS downside action this week looks better as wave 1 of c of irregular flat correction in larger wave a of 4. We should see strong decline from this levels to confirm this count. I expect to see the through next week.
Currently TMOS Tinkoff iMOEX ETF seems in a Cypher pattern continuation.
We hold the upward line for a while, and looking for 1-hour SMA 200 as a resistance.
Russian equities look really good at the end of 2020 & 2021-2025! We take into account declining dxy and rising em currencies, sector rotation and increasing demand for commodities in china, with a favorable pace of capex L-shaped recovery in the energy sector... we also expect reduction of political risks in Russia more, than in other em... the recovery of the...
