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KondrackiKarl

KHC Inverse Head and Shoulder targeting just under $42

Long
The Kraft Heinz Company (NASDAQ:KHC)  
KondrackiKarl Updated   
NASDAQ:KHC   The Kraft Heinz Company
Fibonacci Head and Shoulders kraft kraftheinz heinz
5
0
fibonacci headandshoulders kraft kraftheinz heinz
Looks like KHC has hit a potential bottom with a formed an inverse head and shoulder.
Monthly PSAR flipped bullish.
Targetting the 23.6% retracement which matches H&S measured move at just under $42
Comment:
Updated estimate
Looks like we are seeing a reversal after a bump and run
Looks like a break of the trend line could lead to closing the gap in Fed 2019
Maybe $40 by earnings?

snapshot
Comment:
Updated estimate

snapshot
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Bullish

snapshot
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Looks to me like we finished a wave 2
Which formed as a right shoulder
78.6% retracement met


 
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Comment:
Issue uploading image from phone. Will try at home
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