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Trading idea for AmerisourceBergen Corp. (NYSE)

16.07.2021

Market Review

#ABC
The overall trend is upward. The support level of 112.60 continues to restrain sellers. The descending wave n is truncated. There is a bullish divergence on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

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 112.60.
Target levels: 121.00; 124.80.

Author: GC
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