4 of March, Friday, news of the day – Yandex Russia's biggest Internet company warned that it may default on its dollar bonds due to the extended suspension of its common stock and depositary receipts. This means that the company’s investors have the right to redeem its convertible notes, with …
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The overall trend is descendant. The share trades in the range of 365 and 135 moving averages. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
Trading idea:
Sell when the descendant ABC pattern is formed.
Stop-loss: 150.30.
Target levels: 145.09; …
The currency pair trades in the lower edge of the ascendant price channel. The descending wave pattern has completed with the breach of the inclined channel. The Stochastic Oscillator signals the oversold conditions.
Watch USD/ZAR online
Trading idea:
Buy when the 15.2781 is breached.
Stop-loss: 15.1230.
Target level: 15.5000.
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