With a strong performance in Aluminium, Rusal will start to move out of long term downtrend. Price of Rusal has tested the based 3 times and poise for a potential breakout with a immediate resistance at $7. Rusal tend to have the strongest performance between April in the past and tend to fall sharply in Jan.
If price can break out and retest $6 , we expect it to grow towards $10 and follow by $13 by end of year
With an estimate to be $24 to $36.
If price can break out and retest $6 , we expect it to grow towards $10 and follow by $13 by end of year
With an estimate to be $24 to $36.
Note
with aluminium getting all time high, the price of stock has hit above $7 with our further target to $10 on track by end of year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.