26.05.2021
#RIO
The overall trend is upward. The stock is trading in a corrective (downward) price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy the pair when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper limit of the descending price channel.
Stop Loss under the local minimum.
Target levels: 64.16; 67.60.
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