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NOVATEK (MICEX) analysis, chart, and trading idea



#NVTK
 



An entry point is formed on 'rollback B'. The downward structure (В?) is truncated, its formation finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 1044.6 will result in the formation of the ascending wave structure.


Trading idea:

Buy at the breach of 1044.6

Stop-Loss support level: 1031.0

Target price levels: 1059.2; 1084.0

Author: GC
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