Trading ideas for PJSC LUKOIL 11.10.2019

The support level of 5261.0 held back sellers. Stochastic Oscillator indicator showed an exit from the oversold zone. Breaking through the resistance level 5345.0 will give the formation of an upward pattern 123.

Trading recommendations:

Buy above 5345.0

Stop loss – 5261.0.

Target levels – 5434.0; 5554.0; 5700.0.