Trading idea for Fresenius Medical Care AG & Co (XETRA)

#FME

The share is traded inside the flat’s lower border span. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant truncated structure is breached.

Trading idea:

Buy when the 56.845 level is breached.

Stop-loss: 55.400.

Target levels: 58.370; 61.164.