10.02.2023
The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The descending wave structure is 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 wave (A) breaches the sloping channel of the descending truncated structure;
Stop-loss: under the local minimum of the descending structure (97.46);
Target price levels: 102.58, 108.50.
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