Trading idea for Ecolab Inc. (NYSE)

#ECL

The overall trend is upward. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The bears tested the lower boundary of the flat zone.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending wave pattern.

Stop Loss: 205.00.

Target levels: 217.30 (price pivot zone); 229.40.