Global stock markets are recovering as the lockdowns are eased. The downward presumed correction (H8 wave) ended with a breakdown of the inclined channel. Breakout of the level 218 will result in the formation of an ascending wave pattern within the wave C of an ascending level H8 pattern. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy above 218.00.
Stop loss: 200.00.
Target levels: 229.00; 244.00; 254.00.
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