Affiliated Managers Trading Analysis (08/05/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 moving averages. The descending wave structures are truncated. There is bullish divergence on the Awesome Oscillator.

Trading idea:

Buy when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-Loss under the local minimum at 154.93.

Target levels at 162.50 and 167.50.

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