Kraft Heinz ($KHC) earlier corrected down to the golden support level 42.56, standing well outside of the lower daily Bollinger Band. Given the sharp uptrend – rated by Selected Alpha at the 79% level – which is also incorporating the sharp upward impulse from January (its strength is ranked at the 86.8% level) Kraft Heinz longs/short-term shorts will be reacting to the support level 42.56 – when Kraft Heinz ($KHC) approaches it – increasing the probability of the intraday upward reversal from this price level.