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