KHC Inverse Head and Shoulder targeting just under $42

Looks like KHC has hit a potential bottom with a formed an inverse head and shoulder.
Monthly PSAR flipped bullish.
Targetting the 23.6% retracement which matches H&S measured move at just under $42

Note

Updated estimate
Looks like we are seeing a reversal after a bump and run
Looks like a break of the trend line could lead to closing the gap in Fed 2019
Maybe $40 by earnings?

Note

Updated estimate

Note

Bullish

Note

Looks to me like we finished a wave 2
Which formed as a right shoulder
78.6% retracement met

[Image]

Note

[Image]

Note

Issue uploading image from phone. Will try at home

KondrackiKarl

Also on:

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.

KondrackiKarl

Also on: