Time To Buy $YNDX?

2014년 12월 12일

Despite the macro environment and a crumbling ruble, Yandex is starting to look like it may make a reversal. Pricing of the equity is only 4x this year's revenue, which might just make it your Russian rebound trade.

PRICE reached it's 52 week low today, so be careful. It will most likely re-test this 18.70 level before moving higher. If you're a buyer now, I would place a stop loss just below this level in case. A break above the 21.90 level and I would look to be adding more.

ACCUMULATION - This could potentially be a bottom, and with Yandex securing more and more infrastructure contracts in Russia and the upcoming changes to privacy laws, Russian based portfolios might be looking to add here. If it breaks above the December 9th high of accumulation, you're looking at new money entering the equity. I would start purchasing more going through that level.

MACD - Extremely oversold, looks like it's going to make a monster return, but danger still exists if it normalizes here,

CMF - Money's returning to the stock, but it's still bleeding. December 5th level is the one to watch. Any break above that and I'm looking to add.