After another unsuccessful attempt to break the level of the end of November 1200 on, the MICEX index turned upward in mid-December we have seen an attempt to break the upper limit of consolidation, which, despite the renewal of the annual maximum, just failed. However, the new year the market opened, gepom up, thereby leaving the range of 1200-1400 forth not a little short of the level in 1500 on, the MICEX index turned down and 26 January was to spend down the horizontal level of support for 1390-1400 etc. But to continue downward movement we have seen, the market has decided to adjust upward and now the index hovers around 1,400 mark n.
upward movement, which began in early December, is in short-term rising channel, and if at least the year 1363 will be punctured by paragraph down, it”s likely, downward movement will continue until the lower boundary of the channel. If, however, and it will be punched down, then most likely, the MICEX index back to check on the strength of the horizontal support of 1200 n. Generally speaking, the situation where at first there is a way out of a sufficiently long consolidation in one direction and then return to the previous range is very negative pattern, speaking about the weakness of market and unwillingness to continue the previous long-term uptrend without a good correction, or the completion of this trend.
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Analyst Ratings
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Relatively weak today, the paper looks electricity companies actively rise in price in recent days
Sukhoi began flight tests of prototype aircraft system of the fifth generation
People and companies
Ukrtelecom hold the dividend
Opponents of development of Kyiv dokrichalis to the government
Forex - Asia
Recommendations on the shares of Gazprom, Lukoil, Rosneft, Surgutneftegaz and VTB
Better the market shares now look Uralsvyazinform (0.5%) and Gazprom (0,4%)
The end of trading on Russia”s market will be determined by external factors, namely: data on U.S. gross domestic product in the 4 th quarter 2009
Technical analysis of the MICEX Index: the index fluctuates around the level of 1400 points after his breakdown.
After another unsuccessful attempt to break the level of the end of November 1200 on, the MICEX index turned upward in mid-December we have seen an attempt to break the upper limit of consolidation, which, despite the renewal of the annual maximum, just failed. However, the new year the market opened, gepom up, thereby leaving the range of 1200-1400 forth not a little short of the level in 1500 on, the MICEX index turned down and 26 January was to spend down the horizontal level of support for 1390-1400 etc. But to continue downward movement we have seen, the market has decided to adjust upward and now the index hovers around 1,400 mark n.
upward movement, which began in early December, is in short-term rising channel, and if at least the year 1363 will be punctured by paragraph down, it”s likely, downward movement will continue until the lower boundary of the channel. If, however, and it will be punched down, then most likely, the MICEX index back to check on the strength of the horizontal support of 1200 n. Generally speaking, the situation where at first there is a way out of a sufficiently long consolidation in one direction and then return to the previous range is very negative pattern, speaking about the weakness of market and unwillingness to continue the previous long-term uptrend without a good correction, or the completion of this trend.
2; user rated material at 4.
Analyst Ratings
Relatively weak today, the paper looks electricity companies actively rise in price in recent days
Sukhoi began flight tests of prototype aircraft system of the fifth generation
People and companies
Ukrtelecom hold the dividend
Opponents of development of Kyiv dokrichalis to the government
Forex - Asia
Recommendations on the shares of Gazprom, Lukoil, Rosneft, Surgutneftegaz and VTB
Better the market shares now look Uralsvyazinform (0.5%) and Gazprom (0,4%)
The end of trading on Russia”s market will be determined by external factors, namely: data on U.S. gross domestic product in the 4 th quarter 2009