Ford Trading Analysis (24/05/2024)

The trend is ascending. The descending wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The support level at 11.90 curbs the buyers.

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 descending structure at 11.90.

Target price levels at 13.00 and 13.57.

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