Source Pravda.Ru

Expert comments on Russian stock market

A number of technical indicators show that the Russian stock market is "overheated", an expert of a commercial bank said in an interview with RosBusinessConsulting. Prices for some shares have advanced by more than 10 percent over the past weeks, that is why the market "would not be damaged by correction". It is necessary for one be able to work on the market again, the experts stressed. According to him, many operators understand it; that is why prices on the market have reached serious resistance levels and stopped advancing. The market seems not to be able to surpass these price levels without correction, he added.

On the whole, there are reasons to believe that the RTS index may reach even 390-395 points by the end of this year, the expert concluded.