Affiliated Managers Trading Analysis (09/12/2024)
The trend is upward. The stock is trading between 365 and 135 moving averages. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The downward wave structure is truncated. The entry point is forming on the B pullback with the truncated C.
Trading idea:
- Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the downward truncated structure.
- Stop-loss at 182.86.
- Price targets at 192.00 and 196.15.
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