Advance Auto Parts Trading Analysis (20/08/2025)
The trend is ascending. The downward truncated wave structure ended with the breach of the sloping channel. The stock is trading within the 365-135 EMA range. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition. An entry point is forming at the pullback B with truncated C.
Trade idea:
- Buy at the beginning of the ascending wave structure formation.
- Stop-loss at 55.75.
- Price targets are 58.20 and 60.80.
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