In order to make money, you have to do the right thing. To make big money, you need during doing the right thing. This is a quote from the book “Memoirs of a Stock Market Speculator”. This rule works perfectly for any area of our life. But in the financial market this is manifested more sharply or, even to say, more clearly. More tangible, if you like.
Yesterday many saw a good movement in the shares of Rosseti JSC. But how many took part in this? In fact, the trend in Rosseti did not start yesterday or the day before yesterday, I think whoever joined it on time for a long time should have earned the very good money mentioned in the above quote.
But we are all in the market with you. And how do we understand the current situation? Can you make money on it now? Or is it too late? My opinion is that a big move is still ahead, and the probability of an upward move is much higher than any other direction.
I do not trade news and emotions, but only carefully look at the chart. From my humble observations, it can be seen that after a month and a half in a flat, the issuer made an upward move with impulse and volumes. For traders, this is, of course, a signal that the trend will continue to develop. Look at the Rosseti daily chart.
But the entrance would still be more comfortable in the retest area. And this is the zone of the Level 1.7581 – a great opportunity to buy this instrument. Today the market has provided it. Traders had one more opportunity to board the outgoing train of our flagship of the electric power industry (See chart 30min.).
In general, I have a very long attitude towards Rosseti, so I do not consider it belated to acquire shares at higher levels (subject to medium-term investment). But the 1.7581 point is just great.
This post is the result of personal observation, you can only compare your point of view with mine. At the same time, it is only you who make the decision to purchase this asset, at your own risk.
How do you look at the common shares of Rosseti? Write in the comments. Which issuer you would like to analyze from a technical point of view, also leave your requests. Maybe the instrument you are interested in has that timely investment idea and you just need to check? We will consider everything.
My trade statistics: www.comon.ru/user/AlexandrEKB/strategy/detail/?id=18978
To keep your statistics the same, my telegram channel: @perfilov_invest, here I post only my observations of the market that directly affect my trade.
I wish you all the best and good luck with your trading.