Had nice rally in the past but failed to make a higher high. Looks like its going to make a triangle pattern if purple support holds and breakout will provide a good rr trade opportunity. Alternatively if purple support breaks on daily level short till the gap which is fibb .618 level. That's my plan anyways. Will trade cfd only. No overnight holds. Appreciate like or comments.
I have sell from 139 level with tp 138.50. 143.20 is weekly downtrend resistance. I expect bounce till 143.00-143.5 levels. If it doesn't close weekly above this level, I will wait 130.00 to come back long term
@FocusWithin, Yeah, no problem. I tried to send a different chart twice, but they never came through. I believe, a more accurate depiction would have it reach about 28.5 or so, before tumbling.
rutt
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Impossible chart to get a read on at the moment, but, If they can continue their revenue growth KGN Looks like a $30 stock to me.