RusHydro Trading Analysis (03/12/2024)
The trend is down. The stock trades in a range between 365 and 135 EMAs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss at 0.4970.
- Price targets at 0.4805 and 0.4720.
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