19.08.2021
#COG
The stock is trading in the range of a historical low. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending 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.
Target levels: 16.35; 17.96.
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