Trading idea for Commerzbank AG (BM)
#CBK
The overall trend is upward. The price pivot zone of 5.25 restrained sellers. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed on the breakout of 5.61.
Stop Loss under the price pivot zone of 5.25. …