Description
⋅ Due 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.
Comment
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breakout happened up to 39 USD with a retest of the 1.236 Fibo at 36.60 USD
now we got higher up to 39.70 and retest a minor Fib at 38.20
the run to 55 USD should now be clear
Comment
⋅ yes, finally above 42 USD - next stops are in the 47 to 49
according to the next Fib Levels :)