years on the market

Trading ideas for Commerzbank AG (BM) 18.09.2020

#CBK

The overall trend is upward. The stock is trading in the range of the lower border of the ascending price channel. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

Trading recommendations:

Buy when a 1-2-3 ascending pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.

Stop Loss: 4.58.

Target levels: 5.020; 5.270.

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