Agilent Trading Analysis (02/05/2024)

The trend is descending. The stock is traded in the range between 365 and 135 moving averages. The ascending wave structure is truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

Sell when the formation of the downward wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.

Stop-Loss at 140.50.

Target price levels at 132.00 and 129.00.

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