KHC - it’s about time to show some strength
Building up position size in Kraft Heinz TS:(KHC)
Entry: 30.40, SL: 29.50
Targets: T1- 34.83, T2- 36.50 T3- 37.90
Hold: Mid Term
Uncertainty: Medium
Roadmap for Kraft Heinz stock. Clear, sound exit opportunities when Pa hits Target level 3 for profit taking.
Investment Thesis:
1. Possible bottoming reversal pattern forming w PA upside break from downwards sloping trend line since May 2017
2. MACD crossover on the monthly
3. Stochastic crossing to the upside indicating possible buying pressure
4. Entry on current PA sets up great R/R 1:7.19, max drawdown for current trade setup is -2.79%
5. Clear 5 wave structure forming, currently completing Wave 4 of 5
Risks:
1. 1M Rsi is still in bearish territory, possible PA breaking structure and heading south
2. Stochastics could easily flip and head south negating the buying pressure as a false indicator
3. Stock has not officially set in a higher low on the monthly, but smaller TF shows a clear 5 wave structure to base the trade on
4. Stock is relatively new with little history to analyze
5. KHC is still struggling to consolidate its massive product line (most famous being Kraft Heinz Ketchup), cutting operational costs and trying to increase overall profitability
Entry: 30.40, SL: 29.50
Targets: T1- 34.83, T2- 36.50 T3- 37.90
Hold: Mid Term
Uncertainty: Medium
Roadmap for Kraft Heinz stock. Clear, sound exit opportunities when Pa hits Target level 3 for profit taking.
Investment Thesis:
1. Possible bottoming reversal pattern forming w PA upside break from downwards sloping trend line since May 2017
2. MACD crossover on the monthly
3. Stochastic crossing to the upside indicating possible buying pressure
4. Entry on current PA sets up great R/R 1:7.19, max drawdown for current trade setup is -2.79%
5. Clear 5 wave structure forming, currently completing Wave 4 of 5
Risks:
1. 1M Rsi is still in bearish territory, possible PA breaking structure and heading south
2. Stochastics could easily flip and head south negating the buying pressure as a false indicator
3. Stock has not officially set in a higher low on the monthly, but smaller TF shows a clear 5 wave structure to base the trade on
4. Stock is relatively new with little history to analyze
5. KHC is still struggling to consolidate its massive product line (most famous being Kraft Heinz Ketchup), cutting operational costs and trying to increase overall profitability
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