Double Bottom Pattern in KIMS
After a strong upmove last year, the stock has been trading in a broad channel. A potential W pattern is in the making with the price taking support at the bottom of the channel twice.
Expecting a strong upside move the current levels. One can also wait till the price breaks 2093 resistance to confirm W trend.
Let me know your thoughts in comments.
Expecting a strong upside move the current levels. One can also wait till the price breaks 2093 resistance to confirm W trend.
Let me know your thoughts in comments.
Note
Entry 1 proved to be a good option.
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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.