Kraft Heinz is in an established Go trend and until recently had been consolidating sideways.
Friday saw price attempt to beak our and on Monday we saw a strong close above resistance. Now we will watch to see if price will find support at these levels which could suggest that price will move to new highs. The GoNoGo Oscillator is in positive territory and has been finding support at zero since the Go trend was identified. We will look to see if that will continue. If we were to zoom out we would see that on a weekly chart, we have built a huge base and are in a strong Go trend as well.
By
Alex Cole
