The Western Union Company (NYSE) analysis, chart, and trading idea

#WU
 

Stock is traded in the descending price channel in the range between 365 and 135 ЕМА. Below 135 EMA a start fractal has formed, and the signal fractal has formed above it. The breach of the start fractal will initiate the formation of a descending wave structure. There is a bearish divergence on the Awesome Oscillator.

Trading idea:

Sell at the breach of 13.61

Stop-Loss: 19.92

Target price levels: 13.33; 13.20