YNDX (Yandex N.V.) offers an objective short entry here on today’s earnings induced gap up to backtest this bearish rising wedge pattern. The price targets are T1 at 29.09 & T2 at 28.15 with a potential third target around the 25.10 support level that might be added, depend on how the charts develop going forward. The suggested stop is any move above 33.30 with a suggested beta-adjusted position size of 0.90.
YNDX daily Oct 24th