19.11.2020
#SIE
The stock is trading in the range of 365 and 135 moving averages directed upwards. Presumably, the downward movement is a correction. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending pattern.
Stop Loss at the local minimum of the expected correction: 110.60.
Target levels: 115.30; 119.20.
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