Trading idea for Nestle SA (SIX)

13.01.2021

Technical reviews

#NESN

The downward pattern of the H1 level ended with the breakout of the inclined channel (aC). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Probably the descending H1 pattern is the wave (B) of the ascending pattern of the H8 level.

Trading idea:

Buy when an ascending wave pattern is formed above 101.10.

Stop Loss: 99.92.

Target levels: 105.12; 106.84.

Author: GC
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