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 32.65 and 44.65.
We're now in the middle of that range so if the inverted head and shoulders plays out we could reach the top of the rectangle.
Stop at 38.2.
Trade safe!
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 32.65 and 44.65.
We're now in the middle of that range so if the inverted head and shoulders plays out we could reach the top of the rectangle.
Stop at 38.2.
Trade safe!
Trade active:
+ usd3 move so far, go go!