Home About the company Daily reviews Trading ideas for Mobile Tele Systems (MICEX) 25.11.2019

Trading ideas for Mobile Tele Systems (MICEX) 25.11.2019

Today, MTS will present a new development strategy scheduled until 2023. MTS also announced the sale of its subsidiary in Ukraine for $734 million, which on the one hand makes the business safer as it reduces external risks, but on the other hand it is a loss of market. Today will show the investors' reaction. 

The resistance level of 308.60 holds back, and the pivot zone 303.80 sellers. A bearish divergence has formed on Awesome Oscillator, while Stochastic Oscillator showed an exit from the overbought zone.

Trading recommendations:

Sell after closing the hourly candle below the pivot zone 303.80.

Stop Loss at the resistance level 308.60.

Target levels - 297.0; 290.0; 276.0.

Author: admin
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