Hubert Senters here.
Let’s take a look at the markets. We’re going to look at The Kraft Heinz Company which is in a pretty good spot. Let’s take at it over a period of time here.
Let’s go back in time. Let’s look at a weekly chart. So it’s been smacked down a little bit for sure. It’s had a nice selloff down into the low 20s and now that’s above the cloud on a weekly.
So it might can turn to its previous glory if it can retrace to about a half that would be a good target of about $57. Oh, I miscalculate it. Hold on please.
It could be a target of potentially $59. Let’s go back over here to the daily and dig in. So if this thing will pullback to either $38.14 or maybe even the area of $37 to $36.
Then we could put a target on it but with a relatively tight stop-loss because we don’t need to risk a lot on it and use a potential target of about $55-$57 says that $59 look like that would be in play.
Son instead of it being March madness with basketball evidently we’re doing a Market Madness Traders Summit. Expert Trades Deliver Bracket Busting Strategies to Thrive in Today’s Trading Environment.
March 23rd-25th. Register here. I don’t know why they have my face at the top evidently because I’m going first. I don’t really like going first but I’ll do it.
I will be over there speaking about trading. What I’m looking at where I’m investing sopme of my money and where I’m avoiding lack to plague.
I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
