Nornickel Trading Analysis (03/07/2023)
#GMKN
The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The entry point at the pullback B + truncated C is forming.
Trading idea:
Buy at the formation of the upward wave structure, where the A-wave breaches the sloping channel of the descending truncated wave structure.
Stop-Loss: 14665.
Target price levels: 15200, 15540.
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