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

Fresenius Medical Care AG & Co (XETRA)

#FME

The trend is up. The stock is trading in the range of the 365 and 135 EMAs. The downward truncated wave pattern ended with a breakout of the sloping channel. The Awesome Oscillator shows a bullish divergence, and the Stochastic Oscillator is signaling oversold conditions.

Trading idea:

Buy on a breakout of 41.270.

Stop Loss – 40.450.

Target levels – 42.600; 43.710.