Alrosa Trading Analysis (18/04/2024)

The trend is upward. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are close to the oversold zone.

Trading idea:

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

Stop-Loss at 75.68.

Target price levels at 77.43 and 79.80.

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