Trading ideas for the Kraft Heinz Company (#KHC) 30.01.2020

The descending pattern is currently truncated (wave C did not break through 123.6% of wave A). Also, Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversoldness.

 Trading recommendation:

Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the local minimum.

Target levels: 30.75; 32.00.