Entry: $43.30 SL: $41.00 (loss 5.50 %) (visual only, close if daily closing price below) (but also a good investment) TP: $55.70 (profit 28.4 %, ratio 5.1) Hello Traders and Investors, in my opinion, this setup also offers both a very good trading and a good investment opportunity. The price formed a cup formation (without a handle) and is just about to break...
An ABC in the form of a target of an inverted contraction triangle + This ABC is in the form of a large X-wave after deep shaving or a three-wave in the form of a triangle or a diamond that is forming in a larger scale. + Target is minimum of $ 49 and maximum of $ 70( which can achieve the goal of the classic Cup pattern).
Kraft Heinz weekly cup & handle is made , NOW is time to buy for at least $70
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.
The trend change could be in full swing and a strong signal would be a close of the gap. Can Kraft Heinz gather enough strength to make the breakout? That would be 30% price increase and maybe more!
KHC has formed left shoulder and head, time will tell if the right shoulder is formed. Possible island bottom also. Rising MACD shows promise also.