Russian Gas monopolist is facing it's downfall?
☝️What happened?
After taking decision not to pay dividents this year, Gazprom stock dropped almost 40% in the moment.
☝️Why they didn't pay dividents?
Also, prices on gas soared up high, company still decided that it needs spare money in case of unpredictable future problems. There is a theory that one of such problems could be complete stop of gas supply to europe that russian government can take in the near future.
☝️What's next?
From technical point of view we formed triangle and as volatility gets lower, it more likely that we will break it down and fall more.
I want to remind you that currently Gazprom doesn't supply gas to Europe as they are completing planned technical services until 22.07.
I expect further fall to the closest strong level at 160.00
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
After taking decision not to pay dividents this year, Gazprom stock dropped almost 40% in the moment.
☝️Why they didn't pay dividents?
Also, prices on gas soared up high, company still decided that it needs spare money in case of unpredictable future problems. There is a theory that one of such problems could be complete stop of gas supply to europe that russian government can take in the near future.
☝️What's next?
From technical point of view we formed triangle and as volatility gets lower, it more likely that we will break it down and fall more.
I want to remind you that currently Gazprom doesn't supply gas to Europe as they are completing planned technical services until 22.07.
I expect further fall to the closest strong level at 160.00
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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