Surgutneftegas Trading Analysis (20/05/2024)

The trend is ascending. The downward wave structure is truncated. The stock is traded in the range between 365 and 135 ЕМА. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

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

Stop-Loss at 33.16 under the local minimum of the descending structure.

Target prive levels at 34.44 and 37.42.

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