Even though kraft heinz is a buy for a few months. Now we also have the technical support to start going up again. it could also be a bounce. but if the support breaks i would still say its a buy becouse the share is getting very cheap. the only downside of kraft heinz is that they sold a lot of their portofolio so their gross earnings keep falling, but all...
The Kraft-Heinz share price is in a very interesting crossroad. It has to decide whether it breaks the 2-4 bearish line, with important bullish implications, nor continuing the bearish medium trend towards $72.15-$72.40.
KHC is hanging around the lower trend line, but it should be making a move up. It has some divergence and is at the breakout point of a falling wedge. Wait for it to retake TL and move up before getting in.. could go sideways a bit.
Buy: 79.00
Stop: 76.75
Target: 83.30 - 87.34 (5.44% - 10.56%)
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...
D1 -Triple cycle completed, price reached magnet zone.
H4 - We have bullish divergence and false break. Now we may expect a breakout of the last high forming convergence.
After that wait for a correction to happen and then look for buys.
If the price break and hold below 76.00 then setup is invalidated.
