Trading idea: Fresenius SE & Co (XETRA)

#FRE

The descending wave pattern is truncated. The support level of 39.07 contains the sellers. The Awesome Oscillator shows a bullish divergence, while the 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 truncated pattern.

Stop Loss: below the local minimum of 39.07.

Target levels: 43.48; 46.20.