Ecolab Trading Analysis (20/11/2024)
The trend is up. The descending wave structure is truncated. The bears have tested the lower border of the ascending price regression channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- But when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 242.30.
- Price targets at 253.40 and 262.50.
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