The trend is ascending. The stock is trading in the range between 365 and 135 ЕМА. The downward inner 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 condition.
Trading idea:
The moving average of the RSI indicator rebounded from the oversold level of 30 on the H4 timeframe. The downward truncated wave structure ended with the breach of the pivot 2 of the wave C. There is a bullish divergence on the Awesome Oscillator.
Trading idea:
The trend is up. The stock trades in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
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