MMK Trading Analysis (20/02/2024)

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

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 53.304.

Target price levels at  55.800 and 59.000.

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