Trading ideas for PJSC Tatneft 10.02.2020

The overall trend is upward. The support level of 747.00 holds back sellers. A descending truncated pattern was formed. A bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending structure is forming, where the wave (aC) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the support level 747.00.

Target levels: 798.50; 833.50.