years on the market

Trading ideas for Nestle SA (SIX) 26.06.2020

#NESN

The stock is trading in the range of the lower border of the ascending (green line) price channel and the upper border of the internal (red line) price channel. Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending 1-2-3 pattern if forming, where the first wave breaks through the upper border of the internal (red line) price channel. 

Stop loss: 103.90.

Target levels: 106.00; 108.23.

The #NESN rate online: monitor the movement of the shares in real time.

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