Greetings,
Since ATH, the paper has fallen in price by 75% due to loss of Russian subscribers and a general market correction. There were only two such strong corrections in 2004 by 77% and 2011-12 by 80%. Could the decline continue? I think so, with a rebound and a test of support around $90-130, where the 2015-17 accumulation zone is located.
The company predicts this quarter's drop in subscribers could drop another 2 million, from the current 220 million, due to the unstable world situation and higher US subscription costs.
The company's average monthly returns statistically are January, May, August, October, December. And the weakest months are April and July, the current drop in April confirms this statistic, May has every chance to close better on the rebound.
But fundamentally the company is developing, and the number of users of the service will grow worldwide. For private investors it is worth thinking about several entry points, which would reduce the risk and get a better average price for further correction.
If you liked this article, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
Since ATH, the paper has fallen in price by 75% due to loss of Russian subscribers and a general market correction. There were only two such strong corrections in 2004 by 77% and 2011-12 by 80%. Could the decline continue? I think so, with a rebound and a test of support around $90-130, where the 2015-17 accumulation zone is located.
The company predicts this quarter's drop in subscribers could drop another 2 million, from the current 220 million, due to the unstable world situation and higher US subscription costs.
The company's average monthly returns statistically are January, May, August, October, December. And the weakest months are April and July, the current drop in April confirms this statistic, May has every chance to close better on the rebound.
But fundamentally the company is developing, and the number of users of the service will grow worldwide. For private investors it is worth thinking about several entry points, which would reduce the risk and get a better average price for further correction.
If you liked this article, please like it and subscribe, so as not to miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
