Home About the company Daily reviews NLMK Trading Analysis (02/11/2023)

NLMK Trading Analysis (02/11/2023)

The trend is ascending. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold state.
 

NLMK price chart as of 02/11/2023 with technical indicators

Trading idea:

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

Stop-Loss: 188.70.

Target price levels: 193.50, 200.00.

#nlmk #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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