Chart Talks| Kraft-Heinz
This stock is on my wishlist. It's a stable company that pays a super consistent 40 cents dividend every quarter, and it's not pricey. Another reason to buy it is to be able to trade in the option market more actively whenever I have the time.
As you can see from this chart, post covid, the price fluctuates around the mid point of the upper and lower band ($40 and $29).
For this kind of stocks, it's important to catch it at its lowest in order to get a higher dividend yield.
Indication #1 that it's currently over-priced it shown in its current price above the mid point line. So, need to wait.
Indicator #2 is MACD line crossing signal line from the bottom, signalling either down trend or some sideways.
Indication #3 that the price is heading south is the Billinger Band - the falling prices cuts the SMA from the top.
My target price is $30. So, I set an alert at $33.
Not in a rush, so I could try my luck in the option market too to get it cheaper. But I'm not confident enough with my own skills yet.
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A casual investor from MY, learning about the world of equity investment and setting up my retirement portfolio.
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Kevin Matte : look what i see, its a powerful pattern; might be drasticly Bullish or it can drop to an new "All Time Low". But i dont think that will happen !
Kevin Matte : If there is a breakout of the bullish pattern, the price could end up here, between these lines. I made a Fibonacci retracement in the next image.
Kevin Matte :
Kevin Matte Kevin Matte : In addition, in this photo, we can clearly see the yellow line (100EMA) which will soon cross upwards the dark green line (200EMA), this is what we call a "Golden Cross"
CNNT OP Kevin Matte : Thanks for sharing! In the longer term, I can definitely see an upward trajectory by observing the higher steepness of the line that connects all the lows compared to the lines that connect all the highs. So, I think even if the price continues to move sideways, it will still be a slower upward climb. It's a very good sign.
However, there is a hidden bearish divergence happening (most recent price highs is a downward line, and most recent MACD highs is an upwards line. Suggesting a fall.
I want to catch this as low as it can possibly fall.
Kevin Matte CNNT OP : definitely !