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


The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and bullish divergence on the Stochastic Oscillator.

Trading idea:

Buy at the formation of the uptrend wave structure, where the (A) wave breaches the sloping channel of the descending truncated structure.

Stop-Loss: 30.530 (local minimum of the downtrend structure).

Target price levels: 32.860, 35.360

Author: GC
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