Long
K Daily Setup
$NYSE:K daily long setup:
Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive.
Buy taking out Friday's high at 64.57
Stop Loss under double bottom at 62.41
Profit Target 72.78
Risk/Reward 3.8
Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive.
Buy taking out Friday's high at 64.57
Stop Loss under double bottom at 62.41
Profit Target 72.78
Risk/Reward 3.8
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.