Affiliated Managers Trading Analysis (09/12/2024)

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 downward wave structure is truncated. The entry point is forming on the B pullback with the truncated C.

Trading idea:

• Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the downward truncated structure.
• Stop-loss at 182.86.
• Price targets at 192.00 and 196.15.

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