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THE KRAFT HEINZTHE KRAFT HEINZTHE KRAFT HEINZ

THE KRAFT HEINZ

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1KHC trade ideas

$KHC long idea Kraft Heinz reported earnings recently and raised guidance. The multinational foods giant increased its long-term growth targets for organic net sales to between 2% and 3%, from 1% to 2% previously. It also raised the long-term adjusted earnings per share growth target to 6% to 8%, from 4% to 6% previously. Kraft Heinz falls under the consumer staple category which could be looked at as a safe haven during this inflation period and higher rate environment. A company that projects itself to grow during times of uncertainty and continues to pay a dividend shows real confidence. Hard not to be confident when almost every American has your product in their pantry. The technical side of Kraft Heinz shows some real accumulation via volume indicator on the daily chart following ER. We are now seeing strong follow through after the breakout of 38. Next targets are 40 and 42. OptionsSwing Analyst Daniel Betancourt
NASDAQ:KHCLong
by optionsswing
KHC is the 5th holding of Berkshire. What can we expect? Today we will look at Kraft Heinz, a stock in the top 5 holdings of Berkshire Hathaway, that has not been performing yet with stellar results, but that may change, or not... So first, let's look at some conclusions from a technical perspective. -From 2017 to 2019, the price was clearly on a bearish trend, defined for the most external trendline (white line) -From 2019 until the beginning of 2021, we observed a consolidation period where the price moved sideways between 37.00 and 27.00 -From 2021 until now, we observed the beginning of a slightly bullish trend and the first breakout of the bearish trendline -Now, we can see a corrective pattern on the edge of the previous trend (this type of behavior is typical to see when the price is about to break a key level (trendlines, or support/resistance. We will tend to observe any type of corrective patterns. Ok, what now? What's your view? I have defined activation, invalidation levels, and targets based on all the previous elements. IF the price reaches the green horizontal line, I will consider that my analysis is active, and I will think it is no longer valid if the price reaches the red horizontal line. The target for this movement is 64.00 (on the next resistance level), which means a 60% increase from the activation level. Regarding time , I think a movement like this will need around a year to happen (if it happens, of course...) What if the price never reaches the activation level and keeps falling? Then I will cancel my view. Are you trading this with your personal account? No, I'm not taking this setup. However, I find it an interesting chart, from a technical perspective and under the idea that it is the number 5 holding of Berkshire Hathaway. Thanks for reading; feel free to share your view in the comments.
NASDAQ:KHC
by ThinkingAntsOk
3