Kraft Huge Upside Move Coming

Crypto Crusader here with another blue chip analysis

This one is fairly self explanatory,
We can see that KHC has taken a huge beating over the previous two years. From all time highs ( ATH ) KHC has fallen around 65% placing it in an extremely oversold situation. To preface the remainder of this technical analysis , Berkshire Hathaway (Warren Buffet) purchased nearly 30% of the company around $72.5, just to put in perspective how large this downside leg truly is. $33~ is a bargain if I have ever seen one.

The channels on the actual candles look amazing, along with the MACD and RSI backing up that price action in a positive manner.

MACD is moving towards the positive side, and creating a green tick compared to the perpetual red ticks that have been occurring for a while now. The recent convergence of the MACD is a great indicator in itself, but mirrored with other action from RSI creates a stronger argument towards the imminent move of an upward channel.

RSI levels created an all time low around March of 2018, however, at the same time higher lows have been put into place with the massive selloff around Feb of 2019. This divergence in RSI levels along with the previous action on MACD and the overall sentiment of the stock is creating a massive storm. All of these factors mixed with that fact that they replaced their CEO with the "Wizard of Marketing" are incredible catalysts to prepare KHC for a massive move.

Sell target $40 +- 3%

Happy trading,

Crypto Crusader
Buy target 22.
@kahatam, hahaha $22 yea right , look at the macd and rsi bud
kahatam CryptoCrusader

Stand by 22 bud in next 3-4 wks
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