17.05.2023
The trend is descending. The stock is traded in the range between 365 and 135 ЕМА. The upward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates the oversold state.
Trading idea:
Sell at the formation of the descending wave structure
Stop-Loss: 286.0
Target price levels: 272.0, 257.0
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