$YNDX – $40 price target

SEASONALITY CHART

YNDX seasonality.png

 

WYCKOFF DISTRIBUTION SCHEMATIC

distribution

 

WYCKOFF ACCUMULATION SCHEMATIC

Accumulation

 

BAR CHART (5-YR WEEKLY)

YNDX barchart

 

POINT AND FIGURE:

YNDX PnF

YANDEX has fulfilled the downside campaign target within $0.50 and has been under accumulation for 18 months.  The lowest timeframe accumulation phase has a $25 target.  While achieving this target prices have closed above long-term weekly resistance.  Doing so allows us to calculate a larger timeframe campaign target: $40

October looks like a bullish month.

Good Luck!

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