Home About the company Daily reviews Trading ideas for The Kraft Heinz Company (#KHC) 20.12.2019

Trading ideas for The Kraft Heinz Company (#KHC) 20.12.2019

20.12.2019

Market Review

The stock is trading more than three times below its maximums. Price pivot zone 31.30 holds back sellers. The stock is also trading in the range of the upward price channel's lower border. If the price fixes above the resistance level of 32.30 it may continue further up at least to the resistance level of 33.40.

Trading recommendations:

Buy above the resistance level of 32.30.

Stop Loss under the support level of 31.30.

Target levels - 33.40 (don’t underestimate this level); 35.17; 42.22

Author: admin
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