KHC is having a rough week. The news broke on Friday that they had to write down $15b in acquisitions from brands including Oscar Meyer. With a market cap of $58, any investor should be alarmed when a company writes down a quarter of their valuation! The largest holders of KHC are Berkshire Hathaway and 3G Capital, so anyone that followed Buffet into an earlier...
Sold 2 short puts at the 32.5 strike for a buck each with 55 days to expiration. A 35% drop after an S.E.C. inquiry and a cut of the dividend could spell trouble for this trade but I will roll this one and take assignment if necessary. I am not sure if Buffet owns this one or maybe he is the one that sold today and dropped it like this? The yield on this stock...
charted a bearish pennant formation. waiting for true support
MESSAGE ME FOR A DETAILED REPORT I am predicting it will reach the green area by the time and price shown, or at least bottom on the yellow column. Tools Used: Fibonacci Retracements, Wedges, and Arcs Gann Lunar Cycles Stoch Square of 9's Value Line Investment Survey Some Fundamental Analysis Ichimoku MESSAGE ME FOR A DETAILED REPORT
Here is the update to my first post:
Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based...
Bigger picture is suggesting we have been moving bearish for quiet some time. Prices are cheaper than ever. We can see that fresh demand is forming which implies big money is starting to buy. On a retest of demand i will look for a long entry and take profit before reaching the next area of supply.
The slope of 30MM is negative, and the price is going down. The RSI is low. Don't buy.
$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.
KHC is in a support zone and the idea here is to buy in a retracement after a strong upside movement.
Forming Ascending triangle base ...looking for a B/O of the R/S Price $60
BUY because downtrend is finish and is heading upwards. Wave 3 started,