📈
🔹 Ticker: KBH (NYSE)
🔹 Setup: Trendline + Horizontal Support Bounce
🔸 Trigger Zone: ~$54.65 (yellow support zone + trendline retest)
📊 Trade Plan (Long Bias)
✅ Entry Range: $54.60–$54.80
✅ Stop Loss (SL): Below $53.28 (white support base)
✅ Profit Targets: • TP1: $56.85 (recent resistance zone)
• TP2: $59.64 (range top / March high)
📐 Risk-Reward Notes:
• Price bouncing at trendline + horizontal support confluence
• Bullish candle forming right on the yellow zone
• Risk-reward ratio is favorable with clean upside
• Setup supported by previous structure
🔍 Technical Highlights:
• Trendline holding strong since early April
• Support at $54.60 defended multiple times
• Bearish pressure stalling → possible reversal setup
• Potential for rotation back to upper range
⚙️ Trade Management:
• Trail stop after TP1
• Lock in gains if price struggles near $56.85
• Watch volume + candle strength for continuation toward TP2
⚠️ Setup Invalidation:
❌ Breakdown below $53.28
❌ Bearish engulfing candle with heavy volume
❌ Consolidation under yellow zone for multiple candles
🔹 Ticker: KBH (NYSE)
🔹 Setup: Trendline + Horizontal Support Bounce
🔸 Trigger Zone: ~$54.65 (yellow support zone + trendline retest)
📊 Trade Plan (Long Bias)
✅ Entry Range: $54.60–$54.80
✅ Stop Loss (SL): Below $53.28 (white support base)
✅ Profit Targets: • TP1: $56.85 (recent resistance zone)
• TP2: $59.64 (range top / March high)
📐 Risk-Reward Notes:
• Price bouncing at trendline + horizontal support confluence
• Bullish candle forming right on the yellow zone
• Risk-reward ratio is favorable with clean upside
• Setup supported by previous structure
🔍 Technical Highlights:
• Trendline holding strong since early April
• Support at $54.60 defended multiple times
• Bearish pressure stalling → possible reversal setup
• Potential for rotation back to upper range
⚙️ Trade Management:
• Trail stop after TP1
• Lock in gains if price struggles near $56.85
• Watch volume + candle strength for continuation toward TP2
⚠️ Setup Invalidation:
❌ Breakdown below $53.28
❌ Bearish engulfing candle with heavy volume
❌ Consolidation under yellow zone for multiple candles
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.
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.