Trade idea for Ecolab Inc. (NYSE)

#ECL

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

Trade idea:

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

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

Target levels: 204.23; 220.00.