Trading idea for Industria de Diseno Textil (BM)

#ITX

The share is traded between 365 and 135 upbound moving averages. Bullish divergence is forming on the Awesome Oscillator. The descendant wave structure is truncated at the moment.

Trading idea:

Buy when the ascendant wave structure forms, when the wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss is under the local minimum of the descendant structure.

Target levels: 22.92; 24.00.