Kellogg (K) is a household name, and maybe it should be in the portfolio of more households.
In this chart of K, above, we can see it has been stalled for the past two years. Rallies stall at $70, but notice how the dips make higher lows: $56, then $59 and then $61.
In the longer-term picture of K (below), we can see a stock that had a nice rally up from the $40s before the current sideways consolidation. Also, we need to point out the rising On-Balance Volume (OBV) throughout this time period. This tells us that volume has been higher on weeks when K closed higher: a positive technical sign. The Moving Average Convergence Divergence oscillator is also in a bullish position.
In the last chart above, we show the intraday price action, ignoring time and volume. This Point and Figure chart shows us where K might rally to once it breaks out over $70. The Point and Figure "count" gives us a longer-term price target of $92. Definitely not a strikeout!