We can see $KHC has begun the right side turn. By mirroring the past decline we gain potential trajectory. Mid-term target of $58 with potential to retest previous highs and beyond, moving out further.
With a positive stream of earnings beating estimate, the stock looks ready to move up. The closing above 42.50$ level indicates a potential rally for the 48.50$ level then 54.25$.
Buying at market open, stop loss 10% below entry price.
Craft Heinz's earnings report came out today and it was pretty good. However, the price may go a little lower, so I would recommend to buy @ $35-37 and hold this stock for a few years.
TF: D
1. MACD Lines Entering Bottom
2. KC Price Drop Below Lower Line
3. MACD Histogram Bear Losing Power
4. Pullback
5. Impulse System Green or Hollow
6. All-Time High
7. Price Back to Blue Line/ Value Line (Entry Price)
Kraft Heinz ($KHC) earlier corrected down to the golden support level 42.56, standing well outside of the lower daily Bollinger Band. Given the sharp uptrend – rated by Selected Alpha at the 79% level – which is also incorporating the sharp upward impulse from January (its strength is ranked at the 86.8% level) Kraft Heinz longs/short-term shorts will be reacting...
We have just exceeded the Bollinger Band and may expect a further rise to retest the high again.
Notice: The price could not correct downwards below the Band.
(This is not financial advice)
Quick consumer staples play here. I think tech will bleed a little bit this week at least for the early week. I think some of that money will rotate into recover and consumer staples which lagged last week. We are in a good uptrend here with KHC and hitting resistance but this could be a good chance to break through resistance here....
I have changed up how to best display projected movement. In the case of KHC, 6 of my algorithms signaled a SELL on March 29, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
KHC has been in a falling channel for 4 years. Then finally with a strong bounce off $20 it has broke through the channel.
At this point watch for the upwards weekly close over $35. There should be very little resistance to $44 and a break above that could send KHC into a bull run for the next several years.
There also could be a long period of accumulation....
Please follow the alphabetical callouts.
The trigger suggested by the white line.
the Payout ratio in the end calculating a return of 25%. I think this would take a 2-3 month hold. so perhaps one more round of dividend.
