Trading idea for Vartex Pharmaceuticals Incorporated (NASDAQ)
#VRTX
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Breaking through the price pivot zone of 220.38 will result in the formation of an ascending wave pattern, where wave (A) broke through pivot 2 of the wave C of the descending truncated pattern.
Trading idea:
Buy at the breakout of 220.38.
Stop Loss: 202.73.
Target levels: 242.00; 300.00.
