Trade idea for Marks and Spencer Group (LSE)

#MKS

The general trend is ascendant. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The share fluctuates between 365 and 135 moving averages.

Trade idea:

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

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

Target levels: 2.2490; 2.6232.