Disclaimer/ (NEW)
On average, 90% of all stocks move down with the market, and 75% - up.
The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and has little practical significance. Since the company has not a large capitalization, we assume that the state of the shares does not depend on the psychology of...
I think I spotted a great investment opportunity in Russian mining&steel sector. Mechel is terribly undervalued according to Simplywall.st while the stock traced a very clear 1-2 waves and is about to take off in 3rd wave.
MOEX:MTLR
Allocating some RUB funds to Mechel. Mechel exports 78% of its steel for hard currency, hence the idea. No prospect of geopolitical situation improvement just yet.
"Mechel" - Russian mining and metals companies. "Mechel" unites producers of coal, iron ore, steel and rolled products. The products are sold in domestic and foreign markets.
