Citigroup Trading Analysis (25/07/2024)

The trend is ascending. The downward wave structure is truncated. The stock is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

Trading idea:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure..
• Stop-loss under the local minimum of the downward structure.
• Price targets at 65.80 and 67.70.

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