Kraft Heinz (
KHC) earlier corrected down to the golden support level 42.56, standing well outside of the lower daily Bollinger Band. Given the sharp uptrend – rated by Selected Alpha at the 79% level – which is also incorporating the sharp upward impulse from January (its strength is ranked at the 86.8% level) Kraft Heinz longs/short-term shorts will be reacting to the support level 42.56 – when Kraft Heinz (KHC) approaches it – increasing the probability of the intraday upward reversal from this price level.
KHC) earlier corrected down to the golden support level 42.56, standing well outside of the lower daily Bollinger Band. Given the sharp uptrend – rated by Selected Alpha at the 79% level – which is also incorporating the sharp upward impulse from January (its strength is ranked at the 86.8% level) Kraft Heinz longs/short-term shorts will be reacting to the support level 42.56 – when Kraft Heinz (KHC) approaches it – increasing the probability of the intraday upward reversal from this price level.
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