Home About the company Daily reviews Trading ideas for NLMK Group (MICEX) 18.03.2020

Trading ideas for NLMK Group (MICEX) 18.03.2020

18.03.2020

Market Review

Metallurgical sector proved to be the most resistant to the strong decline in the oil prices and, accordingly, the national currency caused by the influence of the new virus.

A pin-bar has formed on the chart (H4 timeframe). Stochastic Oscillator indicates oversoldness. The moving average goes below the histogram on the MACD indicator.

Buy on the breakout of the pin-bar figure: 108.50.

Stop Loss: 103.80.

Target levels: 113.00; 117.50; 123.70.

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Author: admin
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