Qiwi PLC (NASDAQ: QIWI)

QIWI plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United States, and the United Arab Emirates. It provides payment services through operating approximately 127,000 kiosks and 42,000 terminals in its payment processing platform. The company also offers Visa Qiwi Wallet, an online and mobile payment processing, and money transfer system that allows accountholders to pay for the products and services of merchants, as well as to perform peer-to-peer money transfers through a virtual wallet in the online and mobile environment. In addition, it is involved in licensing software and trademarks. The company is based in Moscow, the Russian Federation.
Take a look at the 1-year chart of QIWI (Nasdaq: QIWI) below with my added notations:

QIWI has formed a relatively clear down-channel chart pattern over the last (4) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that QIWI has several points of channel resistance (blue) and support (red).

The Tale of the Tape: QIWI has formed a common pattern known as a channel, in this case a down channel. A long trade could be entered on a pullback down to the channel support (approaching $30), or on a break through the channel resistance, which is currently getting close to $38.
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