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Trading Idea for ThyssenKrupp (XETRA)

12.08.2021

Market Review

#TKA
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator. Breaking through the resistance level of 8.95 will result in the formation of an ascending wave pattern, where the wave (A) has broken through the inclined channel of the descending truncated pattern.

Trading idea:
Buy on a breakout of 8.95.
Stop Loss: 7.55.
Target levels: 10.18; 11.70.

Author: GC
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