LONG K small+% returnsKellogg's valuation suggests a price increase earnings is today and trend is at base super bullish
K trade ideas
Kellogg's company LONG/SHORTAdd this to the watchlist I am neutral with a long bias on this company likely to add a position if tomorrow breaks out
K Daily SetupNYSE:K daily long setup:
Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive.
Buy taking out Friday's high at 64.57
Stop Loss under double bottom at 62.41
Profit Target 72.78
Risk/Reward 3.8
PEG pullback in KK is posting a nice pullback after a post earnings gap. Its resting on the 200 dMA as well.
Kellog's Entered a Kellog's Option position a few months back, for not a lot of money, & made massive gains today on earnings. I didn't even know today was earnings, but sold on the news. Overall still bullish on grain, as the world is expected to have a food shortage at some point, causing major pain at the grocery store. I've really been a commodities trader my whole career, even though it's not as exciting as "day trading" my proven method ALWAYS goes back to commodities for serious profits. NYSE:K
KELOGG Possible BREAKOUT 3/26/2021K has just confirmed a breakout on the weekly of a longtime reverse down trend channel.
K: anyone like their cereal?K has got to be one oft the most boring stocks out there. It is positively geriatric. But it pays a 3.96% yield, an $82 fair value by Morningstar, and has a wide moat as a result of intangible assets and cost edge over competitors.
I expect the stock to break out of its short-term descending wedge by the end of spring, where it will enter the longer-term wedge indicated in the chart.
Given the long-lived lower support, I would be surprised by significant downside from here.
Dividend lovers who are sick of filing K-1s and dealing with OPEC foolery can accumulate some shares here.
K Kellogg - Daily, Weekly, 12day Setup - Buyzone, CAD, TargetsK
BUYZONE = 56-58
Cost Avg Down (CAD) = 50-53
1st Target = 382fib 65
2nd Target = .5fib 69
3rd Target = 618fib 73
HODL Target = 87+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Will the 20 year channel break?I have been battling with going long on Kellogs for the whole week. The chart is saying its at the bottom of a 2 year channel. Issue I see right now it this stock is a forgotten cash cow. because its forgotten does that mean in a sell off of the broad market this will break this channel? I don't know. But this channel poses very interesting buying opportunity. I will have a small position lets say 1/3 standard position size. with a stop $3 out of the channel. If the channel stays its a clear shot to around $80 Point and figure chart is extremely bearish. and has a bearish vertical count to 51.
K earningsIf K earnings cause an increase in price in previous period why not tomorrow?
Buying some shares now, then more after of the activity of the day.
K Technical Analysis 🧙Founded in 1906, Kellogg is a leading global manufacturer and marketer of cereal, cookies, crackers, and other packaged foods. Its offerings are manufactured in 21 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi, and Morningstar Farms. The firm added the Pringles brand to its mix in 2012. Sales outside its home turf account for around 40% of Kellogg's consolidated sales base.
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Get the Dip, $75 Target for $KI will be honest, Kellogs have overall been quite bullish. Right now, I believe it is getting close to setup the next wave for a cup & handle at $75. That said, invest at your own risk. Everything I say is on an opinion based basis. Please do your own due diligence.
A good time to buy the dip on KA general oversold play here, buy the dip. Price targets following the fibs, 60.50, 62.83. Low RSI indicating oversold also had a big flow for 6/18 60c recently, along with being at the fib, seems primed for a reversal.
K Technical Analysis.If you understand the idea,🎯 press a thumb up! 👍👍👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
Kellogg possible reversal - Target $ 66.00NYSE:K
- RSI low
- MACD reversing
- On strong volumes might even break the downward channel
- Buy price $ 62.28
- 1st target $ 66.00
- Stop loss $ 60.00
25% discount on Kellogg so time to buy?Kellogg is trading about 28% undervalue right now and it is still growing business, so my fair guess is that this is a buy right now!
Kellogg.. Some Snap Crackle and Pop ??Looking for a reversal here... Targets are shwn.
Dont be too agressive
S.
