( Yesterday close ) Chart courtesy of stockcharts

Vimpel Comms shares are very active in today trading session after Citigroup upgrades stock Hold from the previous Sell. Looking at the daily chart, stock has found a nice support on its 200 day moving average, which could mean in near term a run to $33 area, the top of the downward channel. I will consider again a buy on stock, just when it breaks the upper line of this channel. Keep VIP in your radar for a possible breakout of the downward channel.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.