Trade Idea for Inter RAO (MICEX)

Inter RAO (MICEX)

#IRAO

The trend is downward. The stock is trading within the range of the 365 and 135 EMAs. The upward wave structure is truncated. Both the Awesome Oscillator and the Stochastic Oscillator show bearish divergence.

Trading idea:

Sell on the formation of a downward wave structure, where wave (A) breaks through the ascending channel of the truncated upward structure.

Stop Loss – 3.2140.

Target levels – 3.1630; 3.1040.