Kinder Morgan: Slanted Bullish Inverted Head and Shoulders

Jan 17

Kinder Morgan is heading into earnings and currently sits above the 200-week SMA and the POC as it forms what appears to be a Bullish Inverted Head and Shoulders pattern. If these levels hold into earnings, I think KMI will have a chance at breaking out of the pattern and making its way towards the 0.618 Fibonacci retracement up at around $31.23 especially if natural gas prices continue to rise.