The overall trend is upward. The support level of 47.00 is holding back sellers. Stochastic Oscillator signals an oversold condition, while Awesome Oscillator indicates a bullish divergence.
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Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper border of the descending price channel.
Stop Loss under the support level of 47.00.
Target levels: 54.00; 57.80.