Rosneft Trading Analysis (13/05/2024)
The trend is ascending. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The support level at 578.15 curbs the buyers.
Trading idea:
Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward wave structure.
Stop-Loss at 578.15.
Target price levels at 584.42 and 586.30.
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