09.08.2021
#IBE
The descending wave patterns are truncated. There is a bullish divergence on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The stock is trading in the range of the lower border of the ascending price channel on TF D1.
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 under the local minimum.
Target levels: 10.50; 10.71; 11.02.
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