Trading idea for Hewlett Packard Enterprise Company (NYSE).

Hewlett Packard Enterprise Company (NYSE)

#HPE

The trend is bullish. The stock is trading between the 365-period and 135-period EMAs. A truncated bearish wave pattern has concluded with a breakout of the trend channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy upon the formation of an upward wave pattern.

Stop Loss: 49.80.

Target levels: 55.80; 62.50.