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Rosneft Trading Analysis (16/10/2024)

16.10.2024

Market Review

The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The mirror level at 486.50 held back the buyers.

Rosneft stock price chart

Trading idea:

  • Buy at 501.16.
  • Stop-loss at 486.50.
  • Price targets at 516.20 and 530.00.

#rosneft #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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