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. ️ ️ 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 down the wave of C shortened, late April can be considered the end of the downward trend. Condition: Before it comes down 1, it can stabilize above 2 🔅 In the most pessimistic scenario if Hormuz's shares cannot be between the range. Stabilization up to 1 and reaches the bottom of 2 Tomans earlier, which means the descending wave. It's not over yet and can continue until the end of the year