13.05.2022
#COP
The general trend is ascendant. The share is traded between 365 and 135 moving averages. The descendant wave structure is truncated (wave C has not breached 123.6% of A wave). Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss: 95.37.
Target levels: 103.70; 107.40.
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