Bought 15% KHC @ $36.93 Stop @ $35.89 Target @ $47.84 KHC had a strong breakout move a few days ago. Now with the weak markets today it gave us the backtest of the breakout. We’ve got a buy signal, rising moving averages and a break above strong resistance. Additionally, we’ve got high reward-to-risk at this level with a gap to fill up above, and a stop back below the breakout level very close.
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