Trading Idea for Vertex 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 the wave (A) broke through the inclined channel of the descending truncated pattern.

Trading idea:

Buy at the breakout of 220.38.

Stop Loss: 202.73.

Target levels: 242.00; 300.00.