Trading idea for The Western Union Company (NYSE)
#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.