I'm very confident in this idea.
I believe the bottom is in, structure has been broken and a clear range has formed with confirmation price will now rise.
This is good for a long term investment and also a trade idea in which you can gain over 30% until the first target.
There is also a dividend of over 5% on this stock which makes it great to hold long term...
KHC is close to my buy zone at 28-32 which is at least a 5% drop. I can see it reversing in that zone creating a new motive phase.
We must wait for rejection in my buy zone before entries can be put in.
Title: Make It or Break It: Reversal Pattern Observed in Heing Kracft
Dear TradingView community,
We've witnessed an interesting development in the market which could bear significant implications for our trading strategies. We’re talking about none other than Heing Kracft, a stock that has shown some intriguing behavior lately.
A keen eye may have noticed a...
KHC has been trading up within this range since the 2020 mania brought it here and I've been waiting for it to form this tentative right shoulder and as of right now after it's given us a Monthly Bearish Engulfing at the 55-Week EMA and the MACD has officially given us yet another level of Bearish Convergence I think we can safely say this looks quite bearish and...
if it stays within this compression, we could see a beautiful explosion in the coming weeks.
I would not take the low overrun of March/April 2022 into consideration since it coincides with the COVID emergency.
Price has mitigated the bearish POI at 42.62 and broken market structure to the downside. With the strong impulse to the downside, price has created an imbalance at 42.23 where price could potentially fill them before continuing lower into the first target at 38.43.
Not financial advice
We have what I refer to as a super consolidation period here
We bottomed out at 19.00 on 2020 COVID crash and been following the trendline ever since then.
We had a double bottom at 33.00 which acts now as support
And a 44.00 double top which acts as resistance.
So that is consolidation for the eventual rise up.
From 19.00 to...
Our algorithm has sent us an alert on Kraft.
It has been trading in a clear range which is hard to see in today’s market conditions and now has created a head and shoulders with and embedded V end pattern inside.
Both patterns have been seen thousands of times before by our algorithm and with a win rate of more than 75% are good patterns, especially when...
KHC (Kraft Heinz):
I like the risk vs reward on the daily chart as it broke the neckline of an inverted head and shoulders and has just come to retest the breakout spot.
Good enough for a long swing trade for me. Target of the inverted head and shoulders is in the 45 zone.
If you look at the weekly chart, you'll see a nice rectangle range between...
Price closed Friday under $40.50 after almost reaching that same price this week but stalling out near $40.44. This stock tends to move slower than others. $41.50 to me is a safe price range with zeroing out at $42 worst case before we lose money. Daily bar Friday closed under the most recent candle before that as well to note. Wave 3 may lowkey be a wave 5 but...
I firmly believe that this stock will go down in the next 2-3 weeks and that breakout you can see from the last 2 trading days is false. The stock has outperformed the S&P over the previous 3 weeks, but the buyers' power seems to have gone a bit. The stock needs some fresh air to regain the 200D EMA before a new retest of the resistance.
Kraft Heinz Company
Short Term - We look to Sell at 38.68 (stop at 40.36)
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. This has resulted in signals for sentiment being at overbought extremes and we look for a move to the downside. Bespoke resistance is located at 39.00. Price action continues to gravitate...