Trading strategy for Colgate-Palmolive Company (NYSE)

#CL

The overall trend is upward. A Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates 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 local minimum.

Target levels: 80.00; 86.18.