The Western Union Company (NYSE) Analysis, Chart, and Trading Idea

#WU
 

The stock is traded in the range between 365 and 135 ЕМА along the lower border of the ascending price channel. The mirror level of 13.86 keeps sellers aloof. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold situation.

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the upper border of the inner downward price channel

Stop-Loss at the local minimum of the descending structure: 13.86

Target price levels: 14.32; 14.75