CITIC Securities Trading Analysis (26/11/2024)
The trend is upwards. The stock trades in a range between 365 and 135 EMAs. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trading 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 20.60.
- Price targets at 24.20 and 27.00.
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