YANDEX stock: shares of Russian companies recovered together with the ruble

By | April 16, 2015

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
Yandex stock chart

Trading analytics

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.

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