Trading idea: Symantec Corporation (NYSE)

25.11.2021

Technical reviews

#SYMC

The overall trend is upward. The descending wave pattern is truncated. The support level of 24.32 holds sellers back. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated descending pattern.

Stop Loss: below the support level of 24.32.

Target levels: 27.44; 28.80.

Author: GC
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