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Trade idea for Orange SA (EURONEXT)

28.02.2022

Market Review

#ORA

The general trend is descendant. The resistance level of 11.112 restrains buyers, Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. Breaching of 10.600 will cause the descendant wave structure to form.

Trade idea:

Sell when 10.600 is breached.

Stop-loss: 11.112.

Target levels: 10.20; 9.70.

Author: GC
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