Weekly Review | 01 2月 2019

Barclays Bank Weekly Review

Weekly Review

Wave Analysis

The whole of the year 2018 saw Barclays back shares loose value up to 7.25 dollars per share. Ealier this year, the shares of this bank rose tremendously to the high of 8.70 but ended up closing below 8.60. As it is on the daily chart attached, the value value per share of this company is above both the Envelopes and Ichimoku Kinko Hyo, trend indicators, this is a possible sign that, a correction to the upperside is impending. However, instead of picking a sell immediately, we're waiting for a clear breakout above 8.60 to pick a long term buy position. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should ascend towards 9.35.

Trade Recommendations:

Buy  A clear breakout above 8.60 towards 9.65.

GazPromNef Weekly Review

Weekly Review

Wave Analysis

According to the weekly chart attached, we're seeing a possible hurdle to any move to the lowerside around the zone 314.18-310.54. On the daily chart attached, the share price of this stock is likely to plummet but only if the price successfully descends  below the zone indicated above. This downward rally is supported by the fact that the two indicated embedded in this chart, Envelopes and Ichimoku Kinko Hyo are both above where price is, which means if there's a break below 310.54, then we'll expect the impulsive wave (c), to decline steeply towards 303.00.

Trade Recommendation:

Only Sell GazPromNef shares in case their value goes below 310.54.

FaceBook Weekly Review

Weekly Review

Wave Analysis

Since July last year, Facebook shares have been on the loosing end, however, earlier this year, the shares of this company are showing signs of gaining, so far, we've seen only a high of up to 152.37, down from the  highest high of 218.31. We expect this downward, which started last year to be a mere correction, and that the current gain being seen is the continuation of the corrective wave (b) and should not rise beyond 160 where we'll be looking to sell the last impulsive wave (c) with the first target at 118.70 and the next target below 100.00.

Trade Recommendation:

Wait

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Bob Stan
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