Thursday, May 6th, today’s news—global markets continue to rise on strong earnings reports. Job data in the US and the Bank of England meeting are in focus, Germany's factory orders are up, dollar consolidates near a two-week high. The price of Brent oil is $69.36, WTI—$65.95, EUR/USD is at 1.2028, GBP/USD—1.3905, …
#MA
The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …
The overall trend is downward. The ascending wave pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition. The inclined channel of the ascending wave pattern is breached.
: monitor the price movement in real time.
Trading idea:
Sell …
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