#CITIC
The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant structure is breached.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss: 17.50.
Target levels: 16.20; 15.58.
#JIANGXI
The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.
Stop-loss: 13.01 (over the local maximum …
The trend is ascendant. The currency pair is traded in the descendant price channel’s lower border span. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms.
Stop-loss: 1.4659.
Target levels: 1.4716; 1.4768.
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