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 , 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 and backing up that price action in a positive manner.
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 is a great indicator in itself, but mirrored with other action from creates a stronger argument towards the imminent move of an upward channel.
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 levels along with the previous action on 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%