Traders are watching this Diamond on KHC. Inspect the chart now.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Traders are watching Kraft Heinz (KHC) as price action tightens. Price has moved to $22.79 (2.33%) amidst recent volatility. Algorithmically, a Diamond structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $21.03, targeting $17.39 with support near $22.86 (R:R 2.0).
What is your outlook on KHC?