KHC is looking at a bottoming out after the stock breaks above the falling wedge formation. We could also observe that there is a steady climb up of bullish bars after the breakout. Based on the momentum, the stock is ripe to break 28.46 potentially. Long-term target is at 33.27 and 38.00. Long-term MACD is positive after bottom crossover.
Stochastic Oscillator oversold confirmed after it rose above the 20-oversold line.
23-period ROC is strong and positive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.