Trading idea for Airbus Group (EURONEXT)

14.01.2021

Technical reviews

#AIR

The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. The descending pattern of the H1 level is truncated. The round secondary level of 87.80 holds back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending truncated pattern of the H1 level.

Stop Loss: 87.80.

Target levels: 94.50 (trap for pros); 99.00 (138.2% Fibo level).

Author: GC
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