$KRA 4 Month Continuation #HeadandShoulders #ChartPattern

$KRA been consolidating around the 200 MA for the last 4 months forming a nice continuation head and shoulders chart pattern. The stock tested the $19.50 price level multiple times and closed right below it on Friday. If you buy a clear close above chart pattern boundary resistance, watch for the down slopping weekly trend line (red line on the chart) as the stock could hesitate or reverse at around $23.

Comment:

hitting weekly down sloping resistance. nice breakout and follow through