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

#GAZP
 

The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the 158.24 (pivot 2 of the wave C)

Stop-Loss: under the local minimum of the downward structure (157.50)

Target price levels: 160.50; 165.90