Trading idea for Deutsche Telekom AG (XETRA)

#DTE

The resistance level 17.854 restrains buyers. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant truncated structure is breached.

Trading idea:

Sell when the 17.130 level is breached.

Stop-loss is over the local maximum of the ascendant truncated structure (17.854).

Target levels: 16.714; 15.535.