Trading idea for Williams Companies Inc. (NYSE)

Williams Companies Inc. (NYSE)

#WMB

The trend is downward. An upward truncated wave pattern has concluded with a breakout below the trend channel. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator indicates an overbought condition.

Trading idea:

Sell upon the formation of a downward wave pattern.

Stop Loss – 72.28.

Target levels – 70.50; 69.00.