📍 Ticker: 
KHC (The Kraft Heinz Company)
📆 Timeframe: 1D (Daily)
📉 Price: $26.61
📈 Pattern: Falling wedge breakout + horizontal support reclaim
📊 Breakout Probability: ~68% upward
🔍 Technical Setup:
KHC has just broken above a descending wedge, paired with a clear reclaim of horizontal structure (~$26.00). Volume surged on the breakout candle, confirming participation.
✅ Falling wedge → bullish breakout confirmed
📈 RSI crossed 50 with strong upside momentum
📉 Prior resistance at $28.45 and $30.70 now set as key swing targets
🧠 Trade Plan:
📥 Entry Zone: $26.40–$26.70 (confirmed breakout)
⛔ Stop-Loss: Below $24.80 (beneath last major support & wedge base)
📐 Pattern Breakout Probability: ~68% bullish
🎯 Upside Targets & ROIC (from $26.61):
Target Price Return
🎯 Target 1 $28.48 +7.04%
🎯 Target 2 $30.70 +15.4%
⚠️ Key Observations:
Classic falling wedge structure → statistically strong setup
High-volume breakout = institutional confirmation
RSI breakout supports momentum
Risk is tightly defined, reward is clearly measurable
💬 KHC is triggering a textbook breakout from a falling wedge pattern with strong volume confirmation.
Backed by historical performance metrics, this setup carries a 68% probability of success.
#KHC #BreakoutSetup #FallingWedge #TechnicalAnalysis #BulkowskiPatterns #TargetTraders
KHC (The Kraft Heinz Company)📆 Timeframe: 1D (Daily)
📉 Price: $26.61
📈 Pattern: Falling wedge breakout + horizontal support reclaim
📊 Breakout Probability: ~68% upward
🔍 Technical Setup:
KHC has just broken above a descending wedge, paired with a clear reclaim of horizontal structure (~$26.00). Volume surged on the breakout candle, confirming participation.
✅ Falling wedge → bullish breakout confirmed
📈 RSI crossed 50 with strong upside momentum
📉 Prior resistance at $28.45 and $30.70 now set as key swing targets
🧠 Trade Plan:
📥 Entry Zone: $26.40–$26.70 (confirmed breakout)
⛔ Stop-Loss: Below $24.80 (beneath last major support & wedge base)
📐 Pattern Breakout Probability: ~68% bullish
🎯 Upside Targets & ROIC (from $26.61):
Target Price Return
🎯 Target 1 $28.48 +7.04%
🎯 Target 2 $30.70 +15.4%
⚠️ Key Observations:
Classic falling wedge structure → statistically strong setup
High-volume breakout = institutional confirmation
RSI breakout supports momentum
Risk is tightly defined, reward is clearly measurable
💬 KHC is triggering a textbook breakout from a falling wedge pattern with strong volume confirmation.
Backed by historical performance metrics, this setup carries a 68% probability of success.
#KHC #BreakoutSetup #FallingWedge #TechnicalAnalysis #BulkowskiPatterns #TargetTraders
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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.
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.