NFTRH+; YNDX

Well after getting on the Russia theme this morning, I took a look at Russia’s Google wannabe Yandex and liked the chart.  Considering its relative value (though certainly not a value, being an internet stock) has been hammered down due to the recent geopolitical headlines.  There is a technical setup here.

Using the SMA 50 and the noted support line, a buy at 30+ could work out considering RSI is green and MACD is just about to get there (I gave it the benefit of the doubt).  There is not really a measured target taking shape yet, but for now a hold of the SMA 50 would target 34 to 36 and depending upon the Russia theme noted this morning, perhaps beyond.

I should note that one thing I don’t like is the gap around 29.  One might wait to see if that gap fills before considering this trade.

yndx

Buy Target:  30 to 31

Sell Target:  Conservatively 34 to 36

Stop Loss:  Below 30 as suits risk tolerance.

I remind you that NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted.  They are meant as a starting point for further research if interested.