Trading Idea for Deutsche Telekom AG (XETRA)

#DTE

The overall trend is upward. The stock is trading below the 365 and 135 moving averages. A bullish divergence has formed 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 pattern.

Stop Loss under the local minimum of the descending pattern.

Target levels: 17.92; 18.40.