Sberbank, JSC –expectation of record dividends supports the upward trend
Record financial indicators and expected dividend payments favor the growth of Sberbank's quotations. The Bank's ability to grow and demonstrate record performance, despite the scale of the business, indicates the effectiveness of the Bank's management.
TAKE PROFIT
Sberbank's ordinary shares formed an ascending and expanding channel, gaining a foothold above the resistance level of 274 rubles. In our opinion, we should expect an increase in stock prices to the upper limit of the expanding channel of 296 rubles (+7% of the current price of 276 rubles).
STOP LOSS
Do not forget about risk management and portfolio diversification. It is recommended to buy a share for no more than 10% of the account, since a significant increase in the key rate increases the funding price for the Bank and generally cools the demand in the economy for credit products, which may affect the Bank's performance in the future.
A stop order[1] can be placed below the support of 274 rubles, at a price of 270.5 rubles (-2% of the current price of 276 rubles). If the price is fixed below 270 rubles, then the growth forecast of the paper is canceled.
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can contact our trader for advice (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
