RusHydro Trading Analysis (22/04/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structures are truncated. The formation of the reverse wave structure 'Boguraev's Matryoshka' is probable. There is bullish divergence on the Awesome Oscillator

Trading analysis:

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 0.7340.

Target price levels at 0.7416 and 0.7470.

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