Trading idea for Glencore PLC (LSE)

#GLEN

The general trend is ascendant. 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, where the wave (A) breaches the inclined channel of the descendant truncated structure.

Stop-loss: 3.9560.

Target levels: 4.4300; 4.8600.