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