Kraft Heinz: ⬆️ Buy
– Kraft Heinz reversed from support zone
– Likely to rise to resistance level 26.75
Kraft Heinz recently reversed up from the support zone between the strong support level 25.60 (which stopped sharp downtrend in June) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which stopped the previous impulse wave 3.
Given the strength of the support level 25.60 and the bullish divergence on the daily Stochastic, Kraft Heinz can be expected to rise to the next resistance level 26.75 (top of the earlier wave 2).
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