09.03.2022
#CHINAMOB
The trend is ascendant. The share trades in the range of 365 and 135 moving averages. There is a bullish divergence on the Awesome Oscillator, the Stochastic Oscillator signals the oversold conditions.
Trade idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending pattern.
Stop-loss is below the local minimum of the descending pattern and the “10 points” filter.
Target levels: 56.28; 58.43.
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