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Trading idea for Unilever PLC (LCE)

27.09.2021

Market Review

#ULVR
The descending wave patterns are truncated. A bullish divergence has formed on Awesome Oscillator. Breaking through 40.47 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 at the breakout of 40.47.
Stop Loss at the local minimum of 39.12.
Target levels: 42.30; 43.75.

Author: GC
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