Advance Auto Parts Trading Analysis (25/02/2025)
The trend is up. The wave level of the descending truncated structure has increased. Bears have tested the mirror level at 42.50. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 42.50.
- Price targets at 46.00 and 49.20.
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