The stock price of Gazprom may overtake the MICEX index, as it was in 2007

Korner for Gazprom !

see and compare the history of trades in shares MICEX and the MICEX Index (Fig. 1).

In 2007, we witnessed the growth of the MICEX Index and the falling value of Gazprom shares.

Now a similar pattern.

We have the right to expect that the stock price of Gazprom overtakes the MICEX index, as it was in 2007. After all, the basic postulate of technical analysis - all repeats.

And now look more closely the dynamics of the stock price of Gazprom (Fig. 2).

In the market of Gazprom shares triangle, which has the potential movement of 65 rubles.

at a penetration level of 185 rubles, we have a right to expect growth of 250 rubles, and similarly down to 65 rubles at a penetration level of 173 rubles.

At the same time on the market of Gazprom shares remained unclassified bear gap at 260 rubles. It is clearly seen on the daily chart.

Why did I wait for Korner shortistov in stocks of Gazprom.

Let's history of trading futures contracts on natural gas. (Fig. 3)

recall a news background in August - September this year. Sensational article about threefold increase in prices for natural gas.

The tapes of news agencies was news that some unknown hedge fund has put millions of dollars bet on rising prices for gas in January-February 2010. Escape from the hedge fund believed that in early 2010 the first gas will rise in price to $ 10 for futures (about 26.8 cubic meters). At the end of the trading session on the NYMEX on Aug. 20 the cost of natural gas futures fell below $ 3. January and February traded at $ 5.366 and $ 5,386 respectively. Extraordinary investment decision could be attributed to the extravagance and mystique of hedge funds that make the sometimes surprising at first glance rates, as in the history of Volkswagen shares in the past year.

I draw your attention to the huge unclassified bullish gap, which promises a lot of trouble shortistam, until Korner!

Fig. 1

Fig. 2

Fig. 3

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