Industria de Diseno Textil (BM)

#ITX

The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant wave structure.

Stop-loss below the local minimum (26.635).

Target levels: 28.034; 29.010; 29.80.

Author: GC
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