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Trading idea for Iberdrola (BM)

#IBE
The descending wave patterns are truncated. There is a bullish divergence on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The stock is trading in the range of the lower border of the ascending price channel on TF D1.

Trading idea:
Buy when an ascending wave pattern is formed, …

EURCAD analysis


The descending wave pattern of the H8 level is truncated. The internal pattern of the M30 level is also truncated and ended with the breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions. A breakout of 1.4782 will result in the …

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