Last week only the lazy man did not write about the competition between Yandex and Sberbank.
Indeed, the situation was unusual for the Russian reality, so the interest of investors in the companies was high. But there is still a difference: if Yandex shares rose in price so that the Moscow Exchange had to get involved in the process of trading, the stock quotes of Sberbank narrowed into a triangle in anticipation of a breakthrough, although there was a lot of good news.
Now, technically, the exponential moving average with a period of 50 approached the EMA(200) and prepared for a breakdown from the bottom to the top, giving a buy signal.
These two barometers of market sentiment are often used by investors, which can support stocks in the near term.
- More forecasts and news on the Fortrader channel at Telegram