Trading idea for the Intercontinental Exchange Ice. (NYSE)
#ICE
The overall trend is upward. The downward pattern ended with the breakout of the inclined channel. Awesome Oscillator has formed a bullish divergence, and Stochastic Oscillator signals oversold conditions. Breaking through the resistance level of 114.34 will result in the formation of an ascending wave pattern within the overall uptrend.
Trading idea:
Buy at the breakout of 114.34.
Stop Loss: 109.66.
Target level: 121.37.
