The KHC (Kraft-Heinz) swing trade idea hit the first price target (T1) today, with the next buy signal to come on a solid break and/or daily chart above it. As per my comments in the initial post at entry a couple of weeks ago, should KHC take out T1 & rally soon, it will have to contend with both the 25ish price resistance & the 200-day moving averages (dual resistance), thereby increasing the odds of a decent reaction. Previous & updated daily charts below.
KHC daily April 16th
KHC daily May 6th
A video updating most or all of the recent trade ideas, including my take on today’s moves in the stock market, semis, crude oil, natural gas (all current or recent trade ideas), & more will be posted this afternoon, in advance of the market close.