24.02.2023
#AMG
Industry: Finance
The trend is ascending. The stock is traded in the range between 365 and 135 moving average. The descending wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;
Stop-loss: under the local minimum 159.15;
Target price levels: 168.50, 171.50.
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