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Trading idea for PJSC "Polyus" (MICEX)

18.01.2021

Market Review

#PLZL

The global trend is upward. Probably, an upward pattern of the D1 level is being formed, now the price is in the correction wave (B D1). Awesome Oscillator i shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending pattern of the H2 level, completing it.

Stop loss at the local minimum.

Target levels: 15850; 16930.

Author: GC
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