Trading ideas for PJSC Tatneft 29.11.2019

The overall trend is upward. The 742.0 support level holds back sellers. A descending truncated pattern of the H4 level has formed, which is probably a wave (B) of the ascending pattern of the D1 level. Bullish divergence has formed on the Awesome Oscillator, and the Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy strictly while the ascending structure is forming, where the wave (AU) breaks through the inclined channel of the descending truncated pattern of the H4 level.

Stop Loss under the support level 742.0.

The target is 798.50.