The Surgutneftegas (MICEX) Analysis, Chart, and Trading Idea

#SNGS
 

The downward truncated wave structure's formation finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold situation. The level of 21.625 keeps sellers aloof.

Trading idea:

Buy at the breach of 21.760

Stop-Loss: 21.625

Target price levels: 21.920; 22.300