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Lenovo Trading Analysis (23/08/2024)

23.08.2024

Market Review

The downward wave structures are truncated (the formation of the reverse wave model 'Boguraev's Matryoshka' may start). There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending wave structure.
Stop-loss at 9.15.
Price targets at 9.95 and 10.40.

#lenovo #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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