Trading idea for Credit Suisse Group AG

#CSGN.

The trend is descending. The stock is trading in the 365 and 135 EMA range. The ascending wave structure is truncated. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downward wave structure where wave (A) breaks the inclined channel of the upward truncated structure.

Stop Loss: 4.730.

Target levels: 4.300; 3.800.