Trading idea for Daimler AG (XETRA)

#DAI

The bulls have tested the upper boundary of the descending price channel and the resistance level of 60.95. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downward wave structure, where wave (A) breaks the sloping channel of the upward structure.

Stop-loss for the resistance level of 60.95.

Target levels: 55.50; 50.67.