CF Industries Trading Analysis (11/09/2024)

The trend is ascending. The stock is trading in the range between 365 and 135 moving averages. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.

Trading analysis:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the level 77.62 (pivot 2 of the wave С of the downtrend truncated structure).
• Stop-loss under the local minimum of the downward structure at 76.40.
• Price targets at 80.70 and 83.30.

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