If the wave is positive continue, paper Rosneft may test resistance as the uptrend from the July 2009

Today, the Russian "bulls" should be in a good mood. And we are back in meditations, our portfolios have risen to levels that gave us the first days of the year, and we were overwhelmed the desire to take profits. Two days ago, when the market furiously attacking the Bears, "if any good magician asked us to do this, we would have gladly agreed. But today, the instinct for survival again crushes greed.

In such situations, we blindly rely on technical analysis and detached without emotion, look at the charts.

Let me give below the results of some of our observations.

As speculative positions in shares of Gazprom, that, in our view, it is worthwhile to hold until the quotation above the level of 183 rubles (downtrend line from January 11, 2010, and the level where the daily chart of the issuer are threatening to cross Moving Averages EMA26 and EMA13). The technical goal up on paper, while maintaining the inviolability of this support, the district 193/194 rubles (downtrend line from October 2009 and the line correction on the Fibonacci 38.2% of the scorched quotes from May to October 2008).

hold in the portfolio can be paper and MMC Norilsk Nickel, the technical objective of top very attractive - 5200/5300 rubles, and the risk is justified. But better that on the session, they did not drop to the level of 4720 rubles - is the middle of the wide uplink from January 2009.

If positive wave continues, in her paper "Rosneft" cantaste tested as resistance to cut through the uptrend from the July 2009 level 250/253 rubles. But with these shares, we would not stand on ceremony, too weak, they behaved suspiciously in recent days, and very narrowly exhibited mechanical "foot" of the level of 237.8 rubles (the slow moving average EMA100 on the daily chart).

In the banking sector securities - ordinary and preference shares of Sberbank and the shares of VTB, in terms of technical analysis of the speculators need to put protective suspension for the lower boundary of today gepov. But, given their current growth, in this issue is better to consult with their greed.

The only "fly in the ointment" in a news background - the negative data on sales of durable goods
In leaders enhance the action of the banking sector: "Savings Bank" an (2,7%), VTB (3.9%), as well as shares RusHydro, which added 3,89%
Xetra DAX index rose 0.73%, FTSE 100 added 0.7%, CAC 40 rose to 0.64%
Oil prices and the Chinese Bear
Indicator RTS-2 added, following today"s session, 0,48% and amounted to the closing of 1,497.25 points
On the ruble bond market on Thursday there has been growth in investment activity of players
Despite the rebound, observed in the market a second consecutive session, the MICEX index is trading near the bottom of the channel
Presumably the spring is still room for growth of stock quotes ConocoPhillips
As Hoenig markets worried

Leave a comment