Trading idea for Credit Suisse Group AG (SIX)

#CSGN

The descending truncated wave pattern ended with the breakout of the inclined channel. There is a bullish divergence on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. A breakout of 9.35 will result in the formation of an ascending wave pattern.

Trading Idea:

Buy above 9.35.

Stop Loss: 8.65.

Target levels: 10.04; 11.80.