#KHC $KHC KRAFT HEINZ COMPANY
Heinz should have reached the lowest level of retracement at current price level, expected to bottom and reverse.
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...
Might be the right time to go long on this. Please do your own analysis before taking
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.
Falling wedge, elliot wave might be forming, inverted H&S, bullish?