IPG Photonics Trading Analysis (11/07/2024)
The trend is down. The stock is trading in the range between 365 and 135 EMA. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell at the beginning of the formation of the downward wave …