Trading idea for Lenovo Group (HKEX)
Lenovo Group (HKEX)
#LENOVO
The overall trend is upward.
The downward wave structures are truncated.
The Stochastic Oscillator indicates oversold conditions, while the Awesome Oscillator shows a bullish divergence.

Trading idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks through the descending channel of the truncated wave pattern.
Stop Loss: 10.86
Target levels: 11.70; 12.40