Rosneft Trading Analysis (13/05/2024)

The trend is ascending. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The support level at 578.15 curbs the buyers.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward wave structure.

Stop-Loss at 578.15.

Target price levels at 584.42 and 586.30.

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