Orange SA (EURONEXT) analysis, chart, and trading idea

#ORA

The trend is descending. The resistance level of 9.865 holds the buyers. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

Trading idea:

Sell when the descending wave pattern is formed, where wave A breaches the inclined channel of the ascending truncated pattern.

Stop Loss: 9.865.

Target levels: 9.500; 9.220.

Author: GC
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