Kraft Heinz Trading Analysis (20/02/2025)
The trend is descending. The stock is trading in the range between 365 and 135 ЕМАs. The upward wave structure is truncated. The Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss below the local maximum of the ascending structure.
- Price targets at 28.76 and 28.34.
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