Severstal Trading Analysis (11/06/2025)
The bears tested the support level at 974.6. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold state.
Trade idea:
- Buy when the ascending wave structure forms and wave A breaches the sloping channel of the truncated downward structure.
- Stop-loss at 974.6.
- Price targets are 1012.0 and 1069.0.
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