years on the market

Trading ideas for JSC Aeroflot 29.10.2019

The support level of 102.50 continues to hold back sellers. A hummer reversal pattern formed from this level, and Awesome Oscillator indicator shows bullish divergence. The completion of the descending pattern will provide an opportunity for further growth of the company's value.

Trading recommendations:

Buy while an ascending structure is forming, where the wave (A) breaks through the inclined channel of the descending (blue) pattern.

Stop loss under the support level 102.50.

Target levels – 106.0; 107.8.

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