CMS Energy Trading Analysis (20/10/2023)

The trend is descending. The stock is traded in the range between 365 and 135 ЕМА. The ascending five-headed wave structure has finished formation. There is bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the overbought zone.
 

Trading idea:

Sell at the breach of 53.45.

Stop-Loss: 54.56.

Target price levels: 52.54, 50.24.

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