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Trading idea for Symantec Corporation (NYSE)

18.02.2021

Market Review

#SYMC

The stock is trading in a range of 365 and 135 moving averages. The descending pattern of the H1 level is truncated. A false breakout has also formed. A bullish divergence is forming on Awesome Oscillator.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop Loss: 21.04.

Target levels: 22.00; 23.60.

Author: GC
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