Kodak's share price recorded a very sharp bearish breakout after the earnings announcement, breaking bellow the short- and long-term moving averages at the same time in a very negative sign. This follows a series of gains for KODK share since mid-October. On the other hand, the KODK share price is receiving support from the levels of $4.29-4.41 (the shaded area in yellow).
Now, on the daily chart, if the KODK share price fails to stabilize above the previous price range 4.29-4.41, we may witness further deterioration towards the support level 4.07 or below.
On the other hand, restoring the KODK share price to the level of 4.74 and stabilizing above it, may allow a return towards the level of 5.13 or even the level of $5.79 in the coming weeks.
Now, on the daily chart, if the KODK share price fails to stabilize above the previous price range 4.29-4.41, we may witness further deterioration towards the support level 4.07 or below.
On the other hand, restoring the KODK share price to the level of 4.74 and stabilizing above it, may allow a return towards the level of 5.13 or even the level of $5.79 in the coming weeks.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.