years on the market

Trading ideas for PJSC VTB 09.10.2019

VTB stock surged following the promise of high dividends (50% of profits). Now they’re in decline caused by the overall drop of the entire stock market. Probably the downward movement is only a correction.

The general movement is upward. Breaking the pivot level of 0.0416 will result in the formation of an upward pattern 123.

Trading recommendations:

Buy above 0.04160 (on the upward pattern 123 formation).

Stop Loss – 0.04040.

Target levels – 0.04328; 0.04480.

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