Crown Castle Trading Analysis (22/10/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the truncated downtrend structure.
- Stop-loss at 109.50.
- Price targets at 113.00 and 115.80.
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