years on the market

Trading ideas for PJSC Rosneft 17.02 2020

The lower border of the ascending price channel and the support level of 448.00 held back sellers. The price pivot zone of 465.40 holds back buyers. Breaking through the level of 465.40 will result in the formation of an uptrend 1-2-3 within the overall uptrend. Also, Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy above 465.40.

Stop loss: 448.00.

Target levels: 481.40; 488.34.

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