#HUM
The overall trend is upward. A false breakout of the support level has formed. The stock trades in a range of 365 and 135 moving averages. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading idea:
Buy on the formation of an upward wave …
Analysis based on modified wave analysis, Fibonacci retracement and price channels.
On the W1 timeframe, a bullish divergence has formed, Stochastic Oscillator signals an oversold condition. The descending W1 level pattern is truncated at the moment. The bears tested the historic price pibvot zone 1.7415.
monitor …
The pair are under pressure amid fears in financial markets over the new, more quickly spreading COVID-19 strain in the UK. Spreading to mainland Europe may increase the death toll and cause new lockdowns.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA …
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