KHC is down heavily after bouts of bad news about accounting investigation, missed earnings estimates and write downs. Recently it has a crash of around 30% in a single day upon the release of a statement disclosing several aspects of this.
Despite its mishaps, KHC is a well established company with entrenched products. These are often fairly low in cost...
After losing 67% from all time highs. The stock is showing promising potential for reversal.
Inverse H&S pattern with divergence and a clean break of the down trend line. Now just above the 200SMA.
1st target is to close the gap.
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.