Affiliated Managers Trading Analysis (04/12/2024)
The trend is upward. The stock is trading between 365 and 135 moving averages. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition. The entry point is forming on the B pullback.
Trade idea:
- Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the downward structure.
- Stop-loss at 183.80.
- Price targets at 192.00 and 196.15.
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