Kraft not out of the woods yet
已更新
That is what I thought when I read that Kraft is getting a new CEO soon. Chart wise, it is pretty bad, having lost almost 75% from its peak. The current price action also shows continued selling and is not going to be over , yet.
It probably will revisit the support at 28.04 before a pull back. If that does not happen, then we can see it heading southwards to 25.95.
The breakout from the bearish trend on Nov 19 between 30 to 31 dollars might bring short term joy to the buyers but sadly, not for long. So, if you had bought at those level, it depends on your risk tolerance and amount of research you had done on this company. Are you confident they can turn around ? If yes, averaging down at a lower price could be one strategy.
If you have not bought yet, wait a while more as cheap can get cheaper. Patience man.
P/S : Just because I think the price might heads lower does not mean this is a good sell set up as one would be SELLING at the low point and the pull back can takes place anytime. Thus, the risk reward ratio may be inadequate and minus the commission, is it worth it ? Go figure out
It probably will revisit the support at 28.04 before a pull back. If that does not happen, then we can see it heading southwards to 25.95.
The breakout from the bearish trend on Nov 19 between 30 to 31 dollars might bring short term joy to the buyers but sadly, not for long. So, if you had bought at those level, it depends on your risk tolerance and amount of research you had done on this company. Are you confident they can turn around ? If yes, averaging down at a lower price could be one strategy.
If you have not bought yet, wait a while more as cheap can get cheaper. Patience man.
P/S : Just because I think the price might heads lower does not mean this is a good sell set up as one would be SELLING at the low point and the pull back can takes place anytime. Thus, the risk reward ratio may be inadequate and minus the commission, is it worth it ? Go figure out
注释
wow, turn out to be a false breakout and a severe plunge of more than 5%! Congrats to those who shorted this stock.注释
3 levels of support all broken down.....congrats !
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。