Trader_Ivankov

🔮 Rusagro with discount

Kort
MOEX:AGRO   GDR ROS AGRO PLC ORD SHS
Rusagro Group of Companies is the largest vertical agricultural holding in Russia. Rusagro holds leading positions in sugar production, pig farming, crop production and fat and oil business. The Group's land bank is 637 thousand hectares. Founded in 1995. Revenue ₜ104.4 billion (I p/y 2021). Capitalization ₜ152.5 billion

A deal to rebound from the resistance level (ₜ1180).

The instrument almost reached a historical maximum in October, the energy to continue moving and overcome the extremum is not yet observed in the instrument. From October 2020 to October 2021, the GDR grew by more than 70%, a strong uptrend left a wide potential area for correction.

1) The closing of the daily candle is far from the level.
2) Completion of the technical rebound from the level of ₜ1080.
3) Trend movement.
4) They are not allowed to go up.

Short from ₜ1178.8
Goal 1: ₜ1081
Target 2 (open): ₜ880-1000 (range, fixing as the price moves)
Stop above ₜ1200

NOT IRR.
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