Xerox Trading Analysis (22/09/2023)

The uptrend truncated wave structure finished with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state. The breach of 16.19 level will launch the formation of the downtrend wave structure.
 

Trading idea:

Buy at the breach of 16.19.

Stop-Loss: 16.53.

Target price levels: 15.90, 15.50.

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