Trade Idea for Prada (HKEX)

Prada (HKEX)

#PRADA

The trend is upward. The stock is trading between the 365-period and 135-period moving averages. A truncated bearish wave pattern concluded with a breakout of the trend channel. Bullish divergence is visible on the Awesome Oscillator and Stochastic Oscillator, and the Stochastic lines have exited the oversold zone.

Trading idea:

Buy on a breakout above 40.50.

Stop Loss: 38.98.

Target levels: 42.12; 44.40.