Rosneft Trading Analysis (16/10/2024)
The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The mirror level at 486.50 held back the buyers.
Trading idea:
- Buy at 501.16.
- Stop-loss at 486.50.
- Price targets at 516.20 and 530.00.
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