Lenovo Trading Analysis (19/09/2024)
The trend is overall ascending. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.
Trading idea:
- Buy at the breach of 9.53.
- Stop-loss at 8.83.
- Price targets at 10.40 and 11.50.
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