Trading idea for Industria de Diseño Textil (BM)

Industria de Diseño Textil (BM)

#ITX

The trend is bearish. The stock is trading between the 365 EMA and the 135 EMA. Bearish divergence is present on the Awesome Oscillator and Stochastic Oscillator. Upward wave patterns are truncated. The internal truncated pattern concluded with a breakout of the trend channel.

Trading idea:

Sell upon the formation of a downward wave pattern.

Stop Loss: 54.740.

Target levels: 52.870; 51.680.