The stock is traded in the range between 365 and 135 ЕМА. The descending truncated wave structure formation ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of 57.53 will start the formation of the ascending wave structure.
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The trend is descending. The ascending truncated wave structure finished in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought …
The descending truncated wave structure formation ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the breach of 217.00;
Stop-loss: 210.00;
Target price levels: 226.50, 245.80.
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