Trading idea for the Kraft Heinz Company (NASDAQ)
#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 a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop loss under the price pivot zone of 32.44.
Target levels: 35.30; 36.20.
