Bottoming out - Likely to see strong reversion up

130
KHC is looking at a bottoming out after the stock breaks above the falling wedge formation. We could also observe that there is a steady climb up of bullish bars after the breakout. Based on the momentum, the stock is ripe to break 28.46 potentially. Long-term target is at 33.27 and 38.00.

Long-term MACD is positive after bottom crossover.
Stochastic Oscillator oversold confirmed after it rose above the 20-oversold line.
23-period ROC is strong and positive.

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