Gazprom Trading Analysis (18/09/2023)

The trend is ascending. The stock is traded in a range around the support level of 172.88. The downward truncated wave structure finished with the breach of the pivot 2 of the wave C (for the main construction) and pivot 1 (for the inner construction). There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the breach of 174.77 (on the formation of the ascending wave structure).

Stop-Loss under the support level 172.88.

Target price levels: 178.00, 183.30.


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