The survey notes that "risk assets look toppy as buy signals
The indicator based on ADX dynamics earlier gave several buy signals
Furthermore, 80 per cent of all buy signals
were able to correctly predict price movements at the one- and ten-day lag, suggesting that trading rules generate relevant market timing information.
At the moment the indicators are poised for buy signals
; the hourly chart (chart 2) shows that Rosneft's shares surpassed the upper end of the medium-term downward channel, formed a reversal pattern a double bottom, which can serve as an impetus for buy signals
in the weekly timeframe.
Thus, the conditional mean returns for a buy signal
is derived as the mean of daily returns over the period which includes all days when buy signals
The indicator of ADX dynamics sent buy signals
on March 1 and 4.
The indicator based on ADX dynamics gave buy signals
on January 22 and 31.