Gazprom Neft Trading Analysis (09/04/2024)

The entry point at the pullback B and the truncated C is forming. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-loss at 760.85.

Target price levels at 779.50 and 801.50.

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