Sber. To short or not to short?

Published on the portal invest-liga.ru in the blog Maxim_Pr. You can comment here or there.

On small timeframes, Sberbank is now negative and traded in a descending channel, which is clearly visible on 15-30 minute charts. But something about him confuses me.

1. The proximity of strong support on 84.

2. Proximity 200 EMA on the hourly chart.

3. If you build a wider channel, it is seen, that the price was sliding along its upper border – in this case,, upward breakout and downtrend violation are probable.

4. Low values RSI. On the futures, so completely solid divergences.

In a word, to open short positions on Sberu right now, I would be careful. Long is also risky. We must wait for the rebound and see, what's next.

 

PS. But with Gazprom, everything is much worse. The company has a negative image. When pinned below 160 – district 148-150 becomes reality. I'm not a fan of extreme predictions, but here's the goal in 130 rubles per share seems to me quite achievable.

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