KHC is the 5th holding of Berkshire. What can we expect?

[OZER]

Today we will look at Kraft Heinz , a stock in the top 5 holdings of Berkshire Hathaway , that has not been performing yet with stellar results, but that may change, or not... So first, let's look at some conclusions from a technical perspective.

-From 2017 to 2019, the price was clearly on a bearish trend , defined for the most external trendline (white line)
-From 2019 until the beginning of 2021, we observed a consolidation period where the price moved sideways between 37.00 and 27.00
-From 2021 until now, we observed the beginning of a slightly bullish trend and the first breakout of the bearish trendline
-Now, we can see a corrective pattern on the edge of the previous trend (this type of behavior is typical to see when the price is about to break a key level ( trendlines , or support/resistance . We will tend to observe any type of corrective patterns.


Ok, what now? What's your view? I have defined activation, invalidation levels, and targets based on all the previous elements. IF the price reaches the green horizontal line, I will consider that my analysis is active, and I will think it is no longer valid if the price reaches the red horizontal line. The target for this movement is 64.00 (on the next resistance level ), which means a 60% increase from the activation level.

Regarding time, I think a movement like this will need around a year to happen (if it happens, of course...)

What if the price never reaches the activation level and keeps falling? Then I will cancel my view.

Are you trading this with your personal account? No, I'm not taking this setup. However, I find it an interesting chart, from a technical perspective and under the idea that it is the number 5 holding of Berkshire Hathaway .

[Lenamaus]

Which  way better.  Learning     Fundamental  or technical analysis  ?

[KnightAssassin1]

Good work bro

[tiana]

Very good .  At 27:20, don't we have a close higher and engulfing candle?

[Rednessthan]

Very usefull

[nonconcurrence]

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[itseevee_x]

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[bbaddog13]

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[gertrudgertruda]

Hi am new to your   Do you have charts Where one could see the38.2 line where I could learn bullish and bearish. You explain candles a way I understand I might think about taking your class.

[malraux]

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[orangyoranges]

very helpfull .