NFTRH+; Another Setup in Russia

An off the beaten path idea for anyone who, like me, may have interest.

We have previously noted the Russia iShares (ERUS) and a Russian bank (SBRCY) as bullish. But now a less traveled area is making a move as well. That is the Russian small caps. The fund is RSXJ, and its top holdings are…

It’s breakdown of industries is…

It’s daily chart is just recently sneaking above the SMA 200 (orange) in a pattern that looks pleasing to the eye (as does MACD). Click for a clearer view.


The weekly chart shows that the December low came from just above long-term support and that it came with a very distinct positive divergence to the dropping price by RSI. The pattern measures to around clear resistance at 36. So that is two reference points saying that area would be important.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.