Canon Trading Analysis (02/10/2023)

The trend is ascending. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the downward truncated structure.

Stop-loss under the local minimum of the downward structure.

Target price levels: 3645.0, 3695.0.

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