Trading ideas on 23.12.2020 for AmerisourceBergen Corp. (NYSE)
#ABC
The overall trend is upward. The bears tested the lower limit of the ascending price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition. The inclined channel of the proposed correction pattern is broken (A).
Trading idea:
Buy on the breakout of 98.26 when an ascending wave pattern is formed.
Stop Loss under the support level of 95.65.
Target levels: 104.36; 110.37.
