Trading idea for Fresenius SE & Co. (XETRA)
Fresenius SE & Co. (XETRA)
#FRE
The trend is downward. The stock is trading between the 365 EMA and the 135 EMA. An upward truncated wave pattern has concluded with a breakout below the trendline. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator indicates an overbought condition.
T
rading idea:
Sell upon a breakout below 43.495.
Stop Loss – 44.000.
Target levels – 42.720; 41.894.
