Lukoil Weekly Review
Wave Analysis
During the previous week, Lukoil rose tremendously and is still pretty much bullish both on the daily and the weekly charts. Following the break above 5283.0, we expect the price to continue even higher. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should break above the previous week's highest high 5541.7 towards 5600.00. If you're not long already, you could wait for a minor correction to the lower side to pick a long term buy order towards 5600.00.
Trade Recommendations:
Wait and rebuy Lukoil from 5283.0.
Motorola Weekly Review
Wave Analysis
Last week, the shares of this American multinational telecommunications company spiked upwards and is still pretty much bullish. Following the failed attempt to remain below the three Simple Moving Averages, we expect further move to the upperside with the next ideal target being 150.00. The anticipated bullish price rally is the continuation of the impulsive wave (5) and should break above the previous week's highest high 139.56. If you're not long already, you can rebuy the shares of this company around 131.80.
Trade Recommendations:
Rebuy the shares of this company around 131.80.
DeutscheBK weekly Review
Wave Analysis
Few weekly ago, the shares of this German multinational investment bank and financial services company went below a major support 11.99 and is still pretty much below this level. As long as the price remains below this level, we're within our sellers territory, we're waiting for a possible correction towards 11.99 to pick a long term sell order. The anticipated bearish price rally is the continuation of the impulsive wave (3) to the lowerside and should break below 7.05 towards 5.00 or even lower.
Trade Recommendations:
Resell the shares of this company around 11.99