Update 12-4: Ok, we have a falling knife situation here. But this will be a grand buying opportunity when the ruble stops imploding.
Update 12-2: I have to say that given the circumstances YNDX is holding remarkably well. USDRUB is 54, Russia RTS is down 3% today!
YDNX is a great Russian company, dominating the internet search market in the Former Soviet Union....
The company will release earning this week, and there is higher chance that they will report strong numbers. I am bullish any further drop will be an opportunity to build long term investment. By looking their price to earnings, price to sales, price to book, return on assets and return on investments over trailing twelve months, I feel confidence that upside...
Hi!
Today I want to share with YNDX idea.
This is short to mid-term long trade.
Basically, we have the following signals promissing us a profitable trade:
1) The stock is oversold
2) The stock has reached major support level
3) A possible distribtion on extremely high volume also took place
4) A reversal hammer pattern on the last bar
5) Finally, fundamentally...
Is trend your good friend? My technical indicators show me no signal to buy. More interesting is fundamental situation. Penetration 60,7%. The company reported revenue growth of 50% and also increased its margin, bringing growth in net income to 76% against the same quarter last year.
