25.11.2022
#XRX
The trend is descending. The stocks trade in the range of 365 and 135 moving averages. The ascendant wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
Trading idea:
Sell when the descending wave pattern is formed where wave A breaches the inclined channel of the ascending truncated pattern.
Stop Loss: 16.00.
Target levels: 14.10; 13.20.
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