TradingView
breadzeppelin
Aug 1, 2020 4:25 PM

Key levels for KHC Long

The Kraft Heinz CompanyNASDAQ

Description

A breakout over $36 could indicate further upside with a large gap to fill.
50 day MA provides initial support followed by 200 day + previous support level.

Headwinds: questionable earnings report with large write down from slowing restaurant / commercial sales. *record US retail sales.

Comment

Holding over the 200 day MA for the first time in 2 years could signal bottoming
More