With all the markets moving I wanted to test out something on a stock that had not moved yet. KHS is checking all the boxes. I drew the rough idea of what it should do. It doesnt matter until Price gets to the last two set of blue lines. If price moves up at an angle from the beginning to almost the end Enter a trade and watch what happens after price crosses...
NASDAQ:KHC
Earning Good
Currently forming double top, wait for it to dip. RSI14 should not go below 45.95. Should break rising wedge to form channel.
Aggressive entry buy on dip between EMA50 and EMA100 or
Buy on Breakout of Pattern: 44.95-46.88
Target Price: 64.54
The chart for KHC is in an upwards trend indicated by the bullish ABCD pattern. Green candles are also an indication that this stock is moving to complete second leg of the ABCD pattern. The projected price would be 48.8 which gives a profit of around 10-11 percent on this trade. Stop loss should be placed according to risk profit ratio.
Entry: $43.30
SL: $41.00 (loss 5.50 %) (visual only, close if daily closing price below) (but also a good investment)
TP: $55.70 (profit 28.4 %, ratio 5.1)
Hello Traders and Investors,
in my opinion, this setup also offers both a very good trading and a good investment opportunity.
The price formed a cup formation (without a handle) and is just about to break...
Based on its uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $KHC exceeds today's high of $43.35 during tomorrow's session.
Yeah idk this thing has been pretty strong long ketchup people are probably panic buyying it up right now , they recently partnered with googl for AI stuff that's cool, boomer value name, i want to see break and base over 40 level break towards 41-42 i just really like the chart
KHC broke out of a 7 month cup formation on good volume, then went back to retest the breakup "neckline" which has proven to be a support so far. The odds are good that it will continue higher to an intial target of around $43.50 where it could face some resistence.
Initial stop loss will be just a few ticks below the neckine support @ 38.12
p/s "cup" or "cup...
Asset and Time frame -2W, KHC
Entry Price - 39.13
Exit(Stop Loss) 36.98
Exit(Take Profit) -49.13
Technical Analysis - Price has bounced from the bottom of the up-trending channel after a previous higher high was made and overbought on 2W chart.
We have the 2W 100 MA as support + very decent volume and an engulfing bullish pattern.
Volume √
Pattern √
Structure...
bullish push today, a bit extended but even a pull back support retest at 37.62 could be a solid dip buy. ill be setting alerts for tomrrow to watch this guy
Kraft Heinz reported earnings recently and raised guidance. The multinational foods giant increased its long-term growth targets for organic net sales to between 2% and 3%, from 1% to 2% previously. It also raised the long-term adjusted earnings per share growth target to 6% to 8%, from 4% to 6% previously.
Kraft Heinz falls under the consumer staple category...
Warren Buffet loves Mac and Cheese. Apparently so do bears and inflation...
Following earnings, 3 days of higher than normal volume, a nice stochastic, and a MACD cross-over into positive territory, KHC has managed to surpass the 200 EMA by about 4%.
An ABC in the form of a target of an inverted contraction triangle
+ This ABC is in the form of a large X-wave after deep shaving or a three-wave in the form of a triangle or a diamond that is forming in a larger scale.
+ Target is minimum of $ 49 and maximum of $ 70( which can achieve the goal of the classic Cup pattern).
Trendline break
At support Zone
Entry 37
Stop 35
Target 47
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
