Double Bottom Pattern in KIMS
Updated
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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