16.06.2021
#MKS
The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The stock is trading in the range of 365 and 135 moving averages.
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 of the truncated pattern.
Target levels: 1.6450; 1.7330.
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