6
Oct
Off

Be the first capitalize on Sberbank shares!Dear clients,

Sberbank of Russia is the commercial Bank, an international financial group, the largest bank in Russia and one of the largest banks in Europe.

Fundamental analysis:

On October 7, the leader of the Russian banking sector will publish financial statements for the 3rd quarter of 2016. In our opinion, we can expect positive data boosting the shares’ price. During the first two months of the accountable period, net profit of Sberbank amounted to 93.4 bln. rub. It is by 206% more than the year before. Net income for this period grew by 54.2% in annual terms to 1375.3 bln. rub. This growth was against increase of the bank’s credit portfolio as well as reduced the cost of funding. Positive dynamics of key indicators of the first two months of the 3rd quarter allows us counting on strong data on Friday, October 7. It will have a positive impact on quotations of securities of Sberbank.

Technical analysis:

On the monthly and weekly charts ADX indicates presence of a strong uptrend. The basic rule of technical analysis states: we should trade in the direction of the trend, after correction. Sberbank shares corrected by 5.5% against September’s peak in and now it is time to open a Buy position.

 

Be the first capitalize on Sberbank shares!

Our trading recommendation:

Buy #Sberbank

The first goal: 150.69

The second goal: 151.87

 

Good luck in trading!
FreshForex — fresh view on money!

6
Oct
Off

Change of trading schedule on October 9Dear clients,

 

Since on October 9, 2016 HongKong celebrates Double Ninth Festival, on October 10 trading with CFD on #HSI index will be closed.

Please consider this information when planning your activity on financial markets. If liquidity on the instrument drops, the company has a right to suspend trading with it.

If you have any questions, do not hesitate to contact our client support or your personal assistant.

Good luck in trading!
FreshForex — fresh view on money!