Exelon Trading Analysis (10/10/2024)
The trend is ascending. The downward wave structure is truncated. The stock is trading in a range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator is out of the oversold zone.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, where the A-wave breaks the sloping channel of the descending truncated structure.
- Stop-loss at 39.34.
- Price targets at 40.26 and 41.00.
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