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Trading idea for Air Liquide (EURONEXT)

01.06.2021

Market Review

#AI

The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The entry point "on the rollback in B" is formed.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the local minimum of the descending pattern (138.85).

Target levels: 141.90; 144.00.

Author: GC
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