Trade Idea for CME Group Inc. (NASDAQ)

CME Group Inc. (NASDAQ)

#CME

The trend is upward. The stock is trading within the range of the 365 and 135 moving averages. The downward wave structures are truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on the formation of an upward wave structure, where wave (A) breaks through the descending channel of the truncated downward structure.

Stop Loss – 300.85

Target levels – 312.80; 320.70