๐ Ticker:
KHC (The Kraft Heinz Company โ NASDAQ)
๐ Timeframe: 1D (Daily)
๐ต Current Price: $27.80
๐ Pattern: Falling Wedge Breakout + Volume & RSI Divergence
๐ Trade Setup:
โ Our Entry: $26.60
โ Stop-Loss: Below $24.80
๐ฐ Confirmation Signals:
Bullish volume divergence: Selling pressure diminished while price made lower lows
Explosive green volume bar on breakout โ strongest in 12+ months
RSI breakout above 60, confirming strong momentum and trend shift
๐ฐ Profit-Taking Strategy:
๐Sell Zone Price Level % of Position Rationale
๐ฅ Sell 1 $28.48 50% Pre-earnings resistance โ lock early profit
๐ฅ Sell 2 $30.71 30% Next strong resistance area
๐ฅ Sell 3 $31.62 10% Long-term descending trendline โ potential reversal point
๐ Remaining 10%: Optional trail with stop-loss raised, if momentum continues
๐ Technical Confidence & Probabilities:
๐ง Pattern: Falling Wedge
Bulkowski probability of breakout upward: ~68%
Average gain post-breakout: ~38%, though current targets are more conservative (15โ19%)
๐ Volume breakout + prior divergence = strong institutional signal
๐ Risk clearly defined with stop at $24.80
๐ Target Gains vs Entry ($26.60):
๐ฏ Target Price Gain from Entry
Target 1 $28.48 +7.06%
Target 2 $30.71 +15.47%
Target 3 $31.62 +18.89%
๐งพ Summary:
This is a high-probability breakout play, combining:
โ Bulkowski-validated falling wedge
โ Volume-based confirmation
โ Clear stop and tiered exit strategy
โ Strong risk/reward profile
โOur Entry Price: $26.60 โ Breakout Backed by Big Moneyโ
#KHC #TargetTraders #VolumeSpike #BreakoutTrade #TechnicalAnalysis #Bulkowski #StockMarket #Investing
๐ Timeframe: 1D (Daily)
๐ต Current Price: $27.80
๐ Pattern: Falling Wedge Breakout + Volume & RSI Divergence
๐ Trade Setup:
โ Our Entry: $26.60
โ Stop-Loss: Below $24.80
๐ฐ Confirmation Signals:
Bullish volume divergence: Selling pressure diminished while price made lower lows
Explosive green volume bar on breakout โ strongest in 12+ months
RSI breakout above 60, confirming strong momentum and trend shift
๐ฐ Profit-Taking Strategy:
๐Sell Zone Price Level % of Position Rationale
๐ฅ Sell 1 $28.48 50% Pre-earnings resistance โ lock early profit
๐ฅ Sell 2 $30.71 30% Next strong resistance area
๐ฅ Sell 3 $31.62 10% Long-term descending trendline โ potential reversal point
๐ Remaining 10%: Optional trail with stop-loss raised, if momentum continues
๐ Technical Confidence & Probabilities:
๐ง Pattern: Falling Wedge
Bulkowski probability of breakout upward: ~68%
Average gain post-breakout: ~38%, though current targets are more conservative (15โ19%)
๐ Volume breakout + prior divergence = strong institutional signal
๐ Risk clearly defined with stop at $24.80
๐ Target Gains vs Entry ($26.60):
๐ฏ Target Price Gain from Entry
Target 1 $28.48 +7.06%
Target 2 $30.71 +15.47%
Target 3 $31.62 +18.89%
๐งพ Summary:
This is a high-probability breakout play, combining:
โ Bulkowski-validated falling wedge
โ Volume-based confirmation
โ Clear stop and tiered exit strategy
โ Strong risk/reward profile
โOur Entry Price: $26.60 โ Breakout Backed by Big Moneyโ
#KHC #TargetTraders #VolumeSpike #BreakoutTrade #TechnicalAnalysis #Bulkowski #StockMarket #Investing
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.