☝️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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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones