CF Industries Trading Analysis (09/09/2024)

The trend is ascending. The stock is trading in the range between 365 and 135 moving averages. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold condition.

Trading analysis:

• Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.
• Stop-Loss under the local minimum of the descending structure at 78.15.
• Price targets at 80.70 and 83.30.

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