HELE | Historic Support Reclaim – Falling Wedge Breakout +113%

📍 Ticker: HELE (Helen of Troy Ltd.)
📆 Timeframe: 1W (Weekly)
📉 Price: $28.10
📈 Pattern: Falling wedge + long-term horizontal support

🔍 Technical Setup:
HELE is rebounding from a major horizontal support zone that's been in place since 1998, and just broke above a multi-year falling wedge. This marks the start of what could be a powerful bullish reversal.

🔻 Breakdown structure from 2022 now being tested from below
🟡 Long-term horizontal support: ~$26.00–27.00
📈 Breakout potential with plenty of headroom into prior supply zones

🧠 Trade Plan & Return on Invested Capital (ROIC):
📥 Entry Zone: $27.50–$28.50
⛔ Stop-Loss: Weekly close below $25.00 (structure invalidation)

🎯 Target 1: $47.99
→ 🔼 ROIC: +70.8%

🎯 Target 2: $60.06
→ 🔼 ROIC: +113.8%

⚠️ Key Observations:
Large-volume bottoming zone, breakout confirmed above falling trendline

Price targets align with key prior support → resistance flip zones

Multi-year trend reversal possible if price sustains above $31–32

Strong candidate for mid/long-term swing trades or LEAP call positioning

💬 Will Helen of Troy return to its former strength with a clean wedge breakout?
Add HELE to your watchlist for 2025–2026 recovery potential.

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