Technical analysis by StartTrading about Stock هرمز: Buy recommendation (5/8/2025)

Assumptions: 1- The end of Hormuz's first ascending wave in summer; 2- Corrective wave can be as follows: ️ ️ WXY Combined correction wave: W Triangle X zigzag Y zigzag In this case, we can assume the end of the correction wave in November and at the price of 1 Toman ️ ️ ABC (extensive plate) A triangle B Zigzag ۲ wavy c In this scenario the end of the correction wave cannot be considered November 1 🔆 If we consider the fifth wave of a wave of C shortened, the end of April and the price of 2 USD will be the end of the downward trend. Condition: It should be able to consolidate the range of 1 to 2 USD 🔅 If the price fails to stabilize above 1 and 2 and reach the bottom of 2 Tomans, that is, the downward trend has not yet finished and this correction can continue until the end of the year and start growing from 1 to 2 (pessimistic scenario).