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Trading idea for Commerzbank AG (BM)

25.08.2021

Market Review

#CBK
The descending wave pattern 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 local minimum of the descending pattern.
Target levels: 5.88; 6.800.

Author: GC
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