CF Industries Trading Analysis (23/10/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 moving averages. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downtrend truncated structure.
- Stop-loss under the local minimum of the downward structure at 83.29.
- Price targets at 87.20 and 88.50.
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