12.04.2021
#BABA
The descending wave pattern is truncated. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 holds back sellers.
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 support level of 220.00.
Target levels: 241.00; 270.00.
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