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Trading idea for CMS Energy Corporation (NYSE)

22.02.2021

Market Review

#CMS

The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The breakout of 56.85 will result in the formation of an ascending wave pattern and the breakout of the inclined channel of the descending pattern.

Trading Idea:

Buy above 56.85.

Stop Loss: 55.05.

Target levels: 59.80; 64.53; 67.90.

Author: GC
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