KHNZ trade ideas
KHC to Long, Daily Demand ZoneDemand Zone
EMA144 as support
Next Earning: 10/29 7:05 AM
Entry : 32
Stop : 30.7
Target1: 36; reward/risk= 3:1
Target2: 47; reward/risk=10:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
$KHC Ascending Triangle - Bullish Options Flow$KHC Ascending Triangle - Bullish Options Flow
Monitor for a close above $36 key resistance level. Big gap to fill all the way to $42.50 from Feb'19.
Huge deep-in-the-money bullish options flow today on Kraft-Heinz:
$123M in deep ITM calls ($15-$20-$22.50 strikes) for Jan'21 and Jan'22 expiration traded today. About 82k contracts in total vs OI of ~13k - or in other words 6x open interest.
An additional $6M in ITM calls ($25-$27.50 strikes) for Oct'20 expiration traded today as well. About 4 times open interest.
Medium term price target: $42.50
C&HBreaking from Cup and Handle Pattern. Appears to be pulling back. Handle Low has held so far
I charted this last night when TOS (ThinkorSwim) was working. It is not working today and it is the only platform I am familiar with. I guess I need to learn another for emergencies.
I will update any further targets when I can
Large Player Interest noted
Not a recommendation
Kraft brakes 36.15 and then heads upwardWhen I look at both the support and resistance it looks like this stock has been squeezed into a sideways channel break out. It’s like it could go down to the support line and then go up and then come down And then go up again into a tighter and tighter squeeze until it burst out at 36.14 or 36.15
KHC - gap-fill above 18% upsideWB's loser stock is performing this year. Hell, it even broke a downtrend by making a HH. It is resting at support atm with MA below it. With restaurants and businesses starting to open, their sales should also increase in that segment. The home segment is also buying more than before so there should be a good case for a profitable Q.
I would start building position and looking for immediate profit level 1 at the gap-fill at around 40$+.
Key levels for KHCA breakout over $36 could indicate further upside with a large gap to fill.
50 day MA provides initial support followed by 200 day + previous support level.
Headwinds: questionable earnings report with large write down from slowing restaurant / commercial sales. *record US retail sales.
Turned BullishThe stock is trading within a short-term bullish channel (formed since Mar 2020; purple line) and has broken above a long-term bearish channel (formed since 2017; pink lines). In addition, the prices have just broken above horizontal key levels at $33.38 and $33.97 with a larger bullish candle yesterday.
The lightning cloud is above the thunder cloud and is heading upwards with narrow shapes. Also positive, the future cloud of thunder cloud is also heading upwards, indicating that the upward momentum is getting stronger.
The rising 50-day (blue line) moving average is challenging the 250-day (red line) moving average in sight. The daily RSI stands firmly above its 50% neutrality level and is heading upwards. The MACD is above its 0-level and signal line, while the MACD histogram is broadening up.
In these perspectives, the outlook has turned to positive now and expect the stock to continue upwards and challenge the upper boundary of bullish channel first.