years on the market

Trading ideas for MTS PJSC 07.102.2020

#MTS

The support level of 316.10 is holding back sellers. A bullish divergence has formed on the Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals oversold. The stock is trading in the range of the internal downward price channel. 

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper border of the descending price channel. 

Stop Loss at the local minimum (316.10).

Target levels: 325.10; 327.35.

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