Trading ideas for Nestle SA (SIX) 06.11.2019

The stock is trading in a downward corrective price channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while the 123 pattern is forming, strictly above the upper limit of the descending price channel.

Stop Loss- 103.38 or local minimum.

Target levels - 105.00; 107.20.