Nornickel Trading Analysis (03/07/2023)

#GMKN
 

The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The entry point at the pullback B + truncated C is forming.
 

Trading idea:

Buy at the formation of the upward wave structure, where the A-wave breaches the sloping channel of the descending truncated wave structure.

Stop-Loss: 14665.

Target price levels: 15200, 15540.

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