Yandex stock actively restored as a stronger Russian ruble and stabilize oil prices. Lower oil prices and the economic crisis in Russia and Ukraine have provoked a decrease in sales volumes by 34%.
However, the company has lost about 70% of its market capitalization, which looks definitely excessive. Looking forward to the continued growth in the area of $ 22 per share and are looking for opportunities to open long positions.
|Yandex stock chart|
Support and resistance levels
Support 1 20,25
Support 2 19,05
Current price: 20,49
Resistance 1 20,90
Resistance 2 21,95
Yandex stock (YNDX) – buy YNDX – Buy, if the quotes will close above the resistance level of 20.90. Objective – 21.95. Stop-Loss = 20,20
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.