KHC Kraft Heinz Super consolidation Great long Term Hold L@@K!!
Not financial advice
Please read
We have what I refer to as a super consolidation period here
We bottomed out at 19.00 on 2020 COVID crash and been following the trendline ever since then.
We had a double bottom at 33.00 which acts now as support
And a 44.00 double top which acts as resistance.
So that is consolidation for the eventual rise up.
From 19.00 to resistance is a 120% gain roughly
I do believe the stock market pulls back another 20-30% here this year which also lines up with the entry points and consolidation range of 33.00
So between 33-36.00 would be my ideal entries sometimes in late 1st quarter 2nd quarter 2023.
Once we break thru resistance of 44.00 it's game one with a target of 98.00( the 120% repeat returns)
A triple top rejection and loss of 33.00 range my entries would be around 22.00-24.00
A triple top rejection usually means a 50% correction. And 50% of 44.00 is 22.00
Let's see what happens.
Always practice patience.
Moves won't happen overnight
#PIK
Patience is Key
#TLAW
Think Like A Whale
Please read
We have what I refer to as a super consolidation period here
We bottomed out at 19.00 on 2020 COVID crash and been following the trendline ever since then.
We had a double bottom at 33.00 which acts now as support
And a 44.00 double top which acts as resistance.
So that is consolidation for the eventual rise up.
From 19.00 to resistance is a 120% gain roughly
I do believe the stock market pulls back another 20-30% here this year which also lines up with the entry points and consolidation range of 33.00
So between 33-36.00 would be my ideal entries sometimes in late 1st quarter 2nd quarter 2023.
Once we break thru resistance of 44.00 it's game one with a target of 98.00( the 120% repeat returns)
A triple top rejection and loss of 33.00 range my entries would be around 22.00-24.00
A triple top rejection usually means a 50% correction. And 50% of 44.00 is 22.00
Let's see what happens.
Always practice patience.
Moves won't happen overnight
#PIK
Patience is Key
#TLAW
Think Like A Whale
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