The support level of 1850.0 is holding back sellers. A descending truncated H1 level pattern has formed in the truncated wave (C) of the larger wave pattern. Awesome Oscillator shows a bullish divergence.
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Trading recommendations:
Buy when an ascending …
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending H1 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals an oversold condition.
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Thursday, November 19th, today’s news—European markets retreat once again on virus fears despite the new vaccine news. Asia-Pacific markets are mixed, China to cut tariffs and boost import, the dollar is stronger, oil prices fall. The price of Brent oil is $44.05, WTI—$41.56, EUR/USD is at 1.1829, GBP/USD—1.3213, gold is …
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