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KHC Head & Shoulders Pattern Breakdown

KHC (Kraft Heinz Company) has broken below the neckline of the H&S topping pattern, offering an objective entry here or on a close below the 200-ema (a higher probability entry but at a less favorable price). My personal plan is to establish a partial  short position here, bringing the trade to a full position on a close below the 200-day ema which currently comes in at 69.43, about 50 cents below current levels. KHC will be added as an Active Short Trade at current levels. Price targets are T1 at 65.15 & T2 at 54.97 with a suggest stop on a daily close above 73.10 (or lower, if only targeting T1).

KHC daily Dec 11th

KHC daily Dec 11th

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Dec 11, 2015 11:06am|Categories: Completed Trades - Short|Tags: |Comments Off on KHC Head & Shoulders Pattern Breakdown