Xerox Corp. (NYSE) analysis, chart, and trading idea

25.11.2022

Ulasan teknis

#XRX

The trend is descending. The stocks trade in the range of 365 and 135 moving averages. The ascendant wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

Trading idea:

Sell when the descending wave pattern is formed where wave A breaches the inclined channel of the ascending truncated pattern.

Stop Loss: 16.00.

Target levels: 14.10; 13.20.

Penulis: GC
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