Trading idea for Nestle SA (SIX)

#NESN

The general trend is descendant. The share is traded between 365 and 135 EMA. The ascendant five-wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms.

Stop-loss is over the 115.58 resistance level.

Target levels: 109.80; 105.67.