04.04.2023
The trend is descending. The stock is trading in the range between 365 and 135 EMA. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Buy at the formation of the downward wave structure, where the (A) wave breaches the sloping channel of the ascending truncated structure;
Stop-loss: 499.75;
Target price levels: 481.00, 468.63.
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