Trading idea for Jiangxi Copper (HKEX)

#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 of the ascendant structure).

Target levels: 11.94; 11.07.