$KHC Kraft Heinz breaking through support down to a fresh 52-week low today. Long term chart looking very bearish, has been in a clear down trend the entire year. Expecting a continued decline into the 4th quarter. Targeting mid-40s by December. Next earnings release is November 1st.
Note: Informational analysis, not investment advice.
Kraft Heinz Co (NASDAQ: KHC) is at a Critical Make-Or-Break Zone around 78.10 and is showing signs of Buyer's Momentum. If it manages to continue moving above this zone, the Buyers may gain easy control over the sellers to shoot up the price to the upside as per TTC Breakout Formation.
For Short-term targets, Trader should eye on 79.20 Zone. Then 80.10 is the ...