Trade Idea for Eaton Corporation PLC (NYSE)

Eaton Corporation PLC (NYSE)

#ETN

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

Trading idea:

Buy on a breakout above 358.80.

Stop Loss – 350.36.

Target levels – 370.00; 394.20.