Gazprom Trading Analysis (25/04/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is five-headed. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the level of 163.33 (pivot 2 of the wave 5 of the descending structure).

Stop-Loss at 162.50.

Target price levels at 165.20 and 166.80.

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