Trading idea for Hewlett Packard Enterprise Company (NYSE).

Hewlett Packard Enterprise Company (NYSE)

#HPE

The trend is upward. The stock is trading within the range defined by the 365 EMA and the 135 EMA. A truncated downward wave pattern has concluded with a breakout above the descending channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.

Trading Idea:

Buy upon a breakout above 56.64.

Stop Loss – 54.00.

Target levels – 60.00; 65.50.