KHC | Reversal Breakout in Motion – Triggered with Target $31

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📍 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

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