Aeroflot continues to move sideways below the support level 71.10 that it breached during the past week, confirming the break of this level, thus starting a bearish path.
Whereas, the price is moving below the averages level 20-50 after it managed to breach it this week, which is …
Thursday, March 18th, today’s news—the Fed's chain Jerome Powell calmed the markets, boosting the forecast for economic recovery and pledging to keep the easy monetary policy through 2023. American and Asian stocks turned positive, Dow closed at a record high, European markets are mixed, German car maker stocks rise—DAX is at a record high, …
#COST
The overall trend is upward. The moving averages of Stochastic Oscillator are in the oversold zone. Breaking through the price pivot zone of 332.30 will result in the formation of an ascending pattern of 1-2-3.
Trading idea:
Buy when an ascending pattern 1-2-3 is formed above 332.50.
Stop Loss: …
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