Severstal Trading Analysis (02/09/2025)
The trend is ascending. The stock is trading within the 365-135 EMA range. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaches the 1061.0 (pivot 2 of the wave C).
- Stop-loss at 1045.65.
- Price targets are 1087.0 and 1124.0.
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