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Trading idea for PJSC Inter RAO UES (MICEX)

24.02.2021

Market Review

#IRAO

The stock is trading in the support level range of 5.1400.  Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop Loss under the local minimum (5.1400).

Target levels: 5.3926; 5.5427.

Author: GC
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