#KHC
The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …
Monday, January 18th, today’s news—China's economy grew 2.3% in 2020, but the consumer spending fell. European markets are down, dollar is stronger, gold is falling, oil rally ends as coronavirus cases mount. The price of Brent oil is $54.98, WTI—$52.37, EUR/USD is at 1.2062, GBP/USD—1.3521, gold is $1,829.20 per ounce. …
The price of gold confirmed the breach of the 1830.00 level after closing last Friday’s trading below it, and completed forming a descending triangular flag pattern that supports the chances of achieving more expected decline during the coming period, aiming to visit the 1800.00 level as a next stop.
Therefore, …
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