Yandex
After a sell-off in the territory of late 2011 lows, the gauge resumed shaping up a reversal wedge. After a short retest of the current low, the price is resolutely moving toward previous lows it reached three years ago. Investors may open long positions with the 17.40 target. If the gauge tops this level, it will continue to move upward toward the upper bound of the wedge in the vicinity of USD 22 a share. This mid-term movement is logical and predictable. If the reading slips out of this wedge, it may start moving toward all-time highs near the USD 44 a share mark. So taking risks is quite reasonable.
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