02.09.2021
#V
The stock is trading in the range of the lower border of the ascending price channel. The price pivot zone level of 228.20 holds back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, 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 truncated pattern.
Stop Loss under the local minimum of 228.20.
Target levels: 242.00; 251.50.
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