Home About the company Daily reviews Trading ideas for PJSC Gazprom 13.01.2020

Trading ideas for PJSC Gazprom 13.01.2020

The Nord Stream 2 gas pipeline is set to complete construction and launch. According to the CEO of Gazprom Alexey Miller, Russia will be able to complete the pipeline without foreign aid. Angela Merkel also stated that the Nord Stream 2 needs to be built, and called the American sanctions wrong.

The support level is 251.27 on the way of the bears. Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending pattern is forming, where the wave (as) breaks through the inclined channel of the descending pattern, completing it.

Stop loss under the local minimum (251.27).

Target levels - 256.56; 261.70.

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