#Tesla, monthly
Technical observation
The shares on the monthly chart above have been rising for several months now with key supportive zones around (193.89-187.97) and (278.17-267.82), last month this company’s shares corrected to `the zone 278.17-267.82 and could not penetrate below it .I expect possible bullish momentum towards 362.46 this month. You can buy this commodity now with your take profit at 362.46 and stop loss at 223.49 if this take profit is hit and there’s a clear breach above it, more bullish momentum can be anticipated. Short positions may only be recommended in case of clear breakout below 278.17-267.82 followed by a correction to it.
Trade recommendation
Buy #Tesla shares within 278.17-267.82 with your take profit at 362.46 and stop loss at 223.49.
#Gazprom, weekly
Technical observation
The commodity on the weekly chart above has been retracing towards a supportive zone 150.60-149.14, last week it was rejected within the zone failing to penetrate below it. I expect upward momentum towards the key line 173.27 and a possible breach above it for a further rise in price of these shares. You can buy this commodity now within 150.60-149.14 with your take profit at 173.27 and stop loss at 141.68.As long as #Gazprom is contained above the zone 150.60-149.14, only long positions may be recommended. Bearish momentum may only be anticipated in case of a clear breach below 150.60-149.14 with a big red candle.
Trade recommendation
Buy #Gazprom now within 150.60-149.14 with your take profit at 173.27 and stop loss at 141.68.
#FedEx, weekly
Technical observation
Last week this commodity did not decline as had been predicted but instead rose to the key resistance zone 183.59-180.02, it did not break above the zone and I still expect bearish momentum of this commodity towards the key line 126.93. Sell #FedEx within 183.59-180.02 with your take profit at 126.93 and stop loss at 196.37.Should there be a break above 183.59-180.02 with a big green candle, wait for a correction to the just broken zone and a bounce within it to confirm possible bullish momentum before you pick long positions with your take profit at 227.00.Right now only short positions look ideal and may be recommended.
Trade recommendation
Sell #FedEx within 183.59-180.02 with your take profit at 126.93 and stop loss at 196.37.