Citigroup Trading Analysis (25/07/2024)
The trend is ascending. The downward wave structure is truncated. The stock is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure..
- Stop-loss under the local minimum of the downward structure.
- Price targets at 65.80 and 67.70.
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