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NLMK Trading Analysis (07/08/2024)

07.08.2024

Market Review

The descending wave structure is truncated. The Harami Pattern has formed on the D1 timeframe. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.

Trading idea:

Buy at the breach of 164.00.
Stop-loss at 158.00.
Price targets at 172.70 and 181.50.

#nlmk #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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