Trading idea for Phillips 66 (NYSE)

Phillips 66 (NYSE)
#PSX

The trend is upward. The stock is trading within the range of the 365 and 135 EMAs.
The descending wave structure is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks through the downward channel of the truncated structure.

Stop Loss: 126.75
Target levels: 134.00; 141.00