Trading idea for RWE (XETRA)

RWE (XETRA)

#RWE

The trend is bullish. The stock is trading between the 365-period and 135-period moving averages. Truncated bearish wave patterns have concluded based on the pivot breakout rule (one for the internal pattern and two for the main pattern). The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy upon the formation of an upward wave pattern.

Stop Loss: 56.450.

Target levels: 58.400; 59.600.