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Nornickel Trading Analysis (03/07/2023)

03.07.2023

Market Review

#GMKN
 



The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The entry point at the pullback B + truncated C is forming.
 

Nornickel Stock Price Chart as of 03/07/2023 with technical indicators

Trading idea:

Buy at the formation of the upward wave structure, where the A-wave breaches the sloping channel of the descending truncated wave structure.

Stop-Loss: 14665.

Target price levels: 15200, 15540.

#nornickel #stock #forextrading #forextradingstrategies #forexmt5

Author: GC
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