24.03.2021
#SLB
The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel and the 365-moving average. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop loss under the local minimum of the descending pattern.
Target: 29.74.
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