Ameren Trading Analysis (16/12/2024)

The trend is up. The downward wave structures are truncated. The inner truncated wave structure has completed. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.

Trade idea:

• Buy on the breach of 90.35.
• Stop-loss at 89.30.
• Price targets at 91.70 and 94.50.

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