Trade idea for Bayerische Motoren Werke AG (XETRA)

#BMW 

The general trend is ascendant. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The descendant wave structure is truncated. 

Trade idea: 

Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the local truncated structure. 

Stop-loss below the local minimum of the descendant structure. 

Target level: 99.32.