Trading idea for Air Liquide (Euronext)

Air Liquide (EURONEXT)

#AI

The trend is bearish. The stock is trading between the 365 EMA and the 135 EMA. The upward wave pattern is truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator indicates overbought conditions.

Trading idea:

Sell upon the formation of a downward wave pattern where wave (A) breaks the trendline of the truncated upward pattern.

Place the Stop Loss above the local high of the truncated upward pattern.

Target levels: 165.00; 162.90.