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.