02.06.2023
The trend is descending. The stock is traded in the range between 365 and 135 ЕМА. The ascending wave structures are truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell at the formation of the descending wave structure, where the wave (A) breaches the sloping channel of the upward truncated structure.
Stop-Loss: 130.13 (over the local minimum of the ascending structure).
Target price levels: 125.00, 120.80.
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