KHC Long Position

The chart for KHC is in an upwards trend indicated by the bullish ABCD pattern. Green candles are also an indication that this stock is moving to complete second leg of the ABCD pattern. The projected price would be 48.8 which gives a profit of around 10-11 percent on this trade. Stop loss should be placed according to risk profit ratio.
Harmonic PatternsTrend Analysis

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