years on the market

Trading ideas for Industria de Diseno Textil (BM) 18.08.2020

#ITX (BM)

The overall trend is upward. A false breakout of the support level of 70.30 has formed, after which a hammer (a reversal candlestick pattern) has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator has been indicating an oversold condition for a long time.

Trading recommendations:

Buy above 24.15.

Stop Loss: 22.00.

Target levels: 26.60; 28.56.

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