Novolipetsk Steel (MICEX) Analysis, Chart, and Trading Idea


The entry point at the pullback B is forming. The downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates the oversold state.

Trading idea:

Buy at the breach of 133.90

Stop-loss 132.15

Target price levels 136.00, 140.00

Author: GC
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