Rosneft Trading Analysis (27/01/2025)
The trend is ascending. The basic descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition. The entry inner point is forming at the pullback B with the truncated C.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the inner truncated structure.
- Stop-loss at 531.00.
- Price targets at 551.60 and 597.00.
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