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Trading idea for Airbus Group (EURONEXT)

27.07.2022

Market Review


#AIR

The general trend is downtrending. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought and shows bearish divergence. 

Trading idea:

Sell on a breakout of 104.10.

Stop loss: 107.40.

Target levels: 99.00; 90.80.

Author: GC
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