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Trading idea for Heidelbergcement (XETRA)


#HEI

The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The share is traded between 365 and 135 moving averages. The inclined channel of the ascendant truncated structure is breached.

Trading idea:

Sell when the 53.25 level is breached.

Stop-loss: 56.27.

Target levels: 51.10; 48.89.

Author: GC
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