Trading idea for L’Oreal SA (EURONEXT)

#OR

The general trend is ascendant. Descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence. The support level 301.00 restrained sellers.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss: 301.00.

Target levels: 375.00; 431.00.