The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The entry point on the B pullback is forming.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss …
News of the day, Friday, June 10
Oil prices slipped a little today, as new COVID-19 lockdowns occur. Brent crude futures are down 0.3%, and WTI crude slid 0.2%.
Asian stocks followed a global sell-off with MSCI’s broadest index outside Japan falling 0.9% and Japan Nikkei 225 falling 1.4%.
The …
#CITIC
The share is traded between 365 and 135 downbound moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant structure is breached.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss: 17.50.
Target levels: 16.20; 15.58.
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