Trading Idea for Hewlett Packard Enterprise Company (NYSE)

Hewlett Packard Enterprise Company. (NYSE)

#HPE

The trend is up. The stock is trading in the range of the 365 and 135 EMAs. The downward truncated wave pattern ended with a breakout of the sloping channel. The Awesome Oscillator shows a bullish divergence. The Stochastic Oscillator moving averages have exited the oversold zone.

Trading idea:

Buy on a breakout of 54.60.

Stop Loss – 51.20.

Target levels – 58.20; 62.50.