years on the market

Trading ideas of JSC «RusHydro» 08.09.2020

#HYDR

The 0.7150 support level is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Stochastic Oscillator indicates an oversold condition. The Wedge pattern has formed.

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed.

Stop Loss under the support level of 0.7150.

Target levels: 0.7566; 0.7785; 0.8250.

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