12.01.2022
#NESN
The general trend is ascending. The share is traded within bottom limit of the ascending channel span. Mirror level 121.50 restrains sellers. The descending wave structure is truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy on the initialization of ascending pattern where a wave (A) pierce the inclined channel of descending truncated pattern.
Stop Loss — 121.50 (as a local minimum of descending structure)
Target Levels: 125.60 and 129.60.
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