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Alrosa Trading Analysis (16/08/2023)

16.08.2023

Maintenance

The trend is ascending. The downward wave structure is truncated. The stock is traded between 365 and 135 ЕМА. There is bearish divergence on the Awesome Oscillator.
 

Alrosa Price Chart as of 16/08/2023 with technical indicators

Trading idea:

Buy at the formation of the upward wave structure, when the A wave breaches the sloping channel of the downward truncated structure.

Stop-Loss: 85.09.

Target price levels: 89.50, 93.50.
 

#alrosa #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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