Trading idea for The Kraft Heinz Company (NASDAQ)
The Kraft Heinz Company (NASDAQ)
#KHC
The trend is upward. The stock is trading between the 365 EMA and the 135 EMA. A truncated downward wave pattern has concluded with a breakout above the descending channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.
Trading Idea:
Buy upon a breakout above 24.46.
Stop Loss – 23.93.
Target levels – 25.10; 26.00.
