Trading idea for BASF SE (XETRA)

BASF SE (XETRA)

#BAS

The trend is upward. Downward wave patterns are truncated. The Awesome Oscillator shows bullish divergence, and the Stochastic Oscillator also indicates bullish divergence. The stock is trading between the 365 EMA and the 135 EMA.

Trading idea:

Buy upon the formation of an upward wave pattern where wave A has broken the trendline of the preceding truncated downward pattern.

Stop Loss: 51.00.

Target levels: 52.00; 52.50.