Trade Idea for PJSC Tatneft (MICEX)

PJSC Tatneft (MICEX)​​​​​​​

#TATN

    Bears are testing the support level at 570.00. The descending wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy upon the formation of an ascending wave structure, where wave (A) breaks through the trend channel of the truncated descending structure.

Stop Loss: 570.00.

Target levels: 587.00; 610.70.