Tatneft Trading Analysis (26/06/2024)

The trend is downward. The stock trades in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator. The entry point with the truncated C is forming.

Trading idea:

Sell when the formation of the downward wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.

Stop-loss at 696.80.

Price targets at 673.00 and 660.40.

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