PJSC Magnitogorsk Iron and Steel Works analysis 27.08.2020
The overall trend is upward. The price pivot zone of 39.32 held back sellers. The descending H1 level pattern is truncated. Awesome Oscillator indicates a bullish divergence, and Stochastic Oscillator indicates an oversold condition.
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Trading recommendations:
Buy when an ascending wave pattern is formed.
Stop at the price pivot zone of 39.32.
Target levels: 40.18; 40.75.
