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Trading idea for CMS Energy Corporation (NYSE)

28.12.2020

Market Review

#CMS

The overall trend is upward. The descending H4 level pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.

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: 57.30.

Target levels: 60.55; 64.53; 67.90.

Author: GC
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