Kraft Heinz | KHC has spent the last two and a half years in a downward trend, having shed 66% from it’s peak of 93.21. Now, the technical setup is signaling the potential for a reversal of the downward trend with the price having regained the 200-day moving average and having formed a 10-month base by way of an inverse head and shoulder formation. Two daily closes above the resistance level of $34.25 triggers the technical setup for move back to $42.
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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.