KHC trade ideas
Kraft Heinz - Buy setupKraft Heinz - Buy setup
If current projection holds, Kraft Heinz could see min. $40.32.
If we break below $35.29, the projection will be invalidated.
Give me a follow and I will post more charts.
Good luck and trade safe.
Kraft Heinz to 55 USD according to iHSDue to the inverted Head and Shoulders and respecting the Fibonacci Retracement levels we can expect KHC to go up to 55 USD.
TP Levels:
42 1st
55 2nd
68 3rd
Fundamentals aswell will give us a switch back to defensice stocks.
This is not an investment advice, just my own opinion.
KHC Inverse H&S Breakout + RetestNice breakout from KHC. Now retesting the breakout with a couple of reversal candles. Great risk/reward setup with a stop below yesterday's low.
Bullish bias after breakout Inverse H&SBreakout from Inverse H&S Since Feb 2019.
Immediate support: $36
Support $33. Below $33 we shall see the price go down to $29 the shoulder support level.
Resistance: $42 & $48
Inverse head and shoulders. Long term downtrend breakout It broke the neckline amd broke the long term downtrend. Next level is 42
Kraft-Heinz Reversing Trend?KST and RSI in weekly up trends. Price is now above its 30 week moving average which is flat/upwards. Might be time to buy some shares if it breaks above that trend line it keeps bouncing off of.
Inverted Head and Shoulders SetupWhat I like here from a technical standpoint:
Large upwards slanting Inverted Head and Shoulders with a full price target near the gap down @ 48
Price making fresh 52-week highs and trading above all three major moving averages
Currently breaking through diagonal resistance
The Yearly R1 Pivot @ 40 would be the 1st target. From here we could see a re-test of the inverted HnS neckline.
Stops can be considered just below the Yearly Pivot @ 30
KHCGap from $36 to $47.85 on the daily. Could get there relatively quickly after a pit stop at $41.60 imo. $48 is roughly head & shoulders target as well.
KRAFT HEINZ - KHC - USAI can't say it's too cheap but it's under than its own value. I'm not going to buy this, it's just hooked my filter. (MACD and Stoch RSI have turned to positive.)
I wish you good profit!
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Thanks
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CatsupLooking for 52 week high to move up to the next leg. Stop loss at 33.23. In calls $50 1/21/22 @.24 on 1/21/21. Low risk high reward. Will add on any weakness above $33.23.
Thank you.
