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Trading idea for The Western Union Company (NYSE)

09.07.2021

Market Review

#WU

The overall trend is upward. The descending wave pattern is truncated. There is a bullish divergence on Awesome Oscillator. The bears are unable to gain a foothold below the round secondary level of 22.80.

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.

Target levels: 24.16; 25.30; 26.45.

Author: GC
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