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Trading Idea Muenchener Rueckversicherungs Gesellschaft AG (XETRA)

28.07.2021

Market Review

#MUV2
The overall trend is upward. A bullish divergence has formed on Awesome Oscillator. The breakdown of 231.50 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the descending pattern.

Trading idea:
Buy at the breakout of 231.50.
Stop Loss at the local minimum: 215.00.
Target levels: 244.00; 267.00.

Author: GC
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