NLMK Trading Analysis (22/05/2025)
The descending wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss under the local minimum of the descending structure.
- Price targets are 126.90 and 130.80.
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