16.12.2021
#CHINAMOB
The descending wave patterns are truncated. The support level of 45.86 holds the investors back. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated pattern.
Stop loss is under the support level of 45.86.
Target levels – 49.40; 52.68.
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