Trade Idea for Global Payments Inc. (NYSE)

Global Payments Inc.  (NYSE)

# GPN

The trend is bullish. The truncated descending wave structure has completed with a breakout above the pivot 2 of wave C. The stock is trading within the range between the 365 EMA and 135 EMA. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy upon the formation of an ascending wave structure.

Stop Loss: 79.47.

Target levels: 81.50; 83.00.