Russian Gas monopolist is facing it's downfall?

19 июл. 2022 г.

☝️What happened?
After taking decision not to pay dividents this year, Gazprom stock dropped almost 40% in the moment.

☝️Why they didn't pay dividents?
Also, prices on gas soared up high, company still decided that it needs spare money in case of unpredictable future problems. There is a theory that one of such problems could be complete stop of gas supply to europe that russian government can take in the near future.

☝️What's next?
From technical point of view we formed triangle and as volatility gets lower, it more likely that we will break it down and fall more.
I want to remind you that currently Gazprom doesn't supply gas to Europe as they are completing planned technical services until 22.07.

I expect further fall to the closest strong level at 160.00


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