21.06.2021
#RIO
The overall trend is upward. The descending wave pattern of the H4 level is truncated. The stock is trading in the range of 365 and 135 moving averages and the lower limit of the ascending price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) will break through the inclined channel of the descending truncated pattern.
Stop Loss under the local minimum.
Target levels: 63.56; 67.76.
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