Cummins Trading Analysis (07/06/2024)

The trend is upward. The stock is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator. The breach of the 279.37 level will start the formation of the rising wave structure.

Trading idea:

Buy on the breach of 279.37.

Stop-Loss at 271.50.

Target price levels at 288.50 and 299.50.

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