#EMN
The general trend is descendant. The share is traded between 365 and 135 moving averages. Stochastic Oscillator signals overbought conditions. The resistance level 108.35 restrains buyers. The ascendant wave structure is the wave (B) of the descendant structure of the large wave level.
Trading idea:
Sell when the descendant …
The general trend is ascendant. The trend continuation figure “flag” has formed. Awesome Oscillator indicates bullish divergence. The upper border of the pattern is breached.
Trading idea:
Buy when the ascendant pattern ABC is formed — when the 163.58 is breached.
Stop-loss: 161.75.
Target level: 167.80 (the size of the …
News of the day, Wednesday, May 4
Citigroup Inc.'s London trading desk was behind the sudden collapse that sent stocks plummeting across Europe. A trader at the U.S. firm made a mistake, Citigroup said. A five-minute sell-off in Swedish stocks wreaked havoc on exchanges from Paris to Warsaw, wiping out …
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