22.12.2020
#HUM
The overall trend is upward. A false breakout of the support level has formed. The stock trades in a range of 365 and 135 moving averages. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading idea:
Buy on the formation of an upward wave pattern, where wave (A) breaks out the inclined channel of the downward structure.
Stop Loss below the support level 380.70.
Target levels - 445.00; 464.00.
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