Medium term view - KRAFT HEINZ : The support has been breached.
The previous low has been broken, the bearish trend is confirmed. The next target is at $53.00. The invalidation level is above $82.40.Arguments :
- The support has been breached.
- The moving average is capping prices.
Kraft Heinz is a food and beverage company. The company manufactures and markets food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products throughout the world. The company has three reportable segments defined by geographic region: United States, Canada, and Europe, Middle East, and Africa. The company's remaining businesses are combined and disclosed as Rest of World. Rest of World comprises two operating segments: Latin America and Asia Pacific.
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