* Trend: KITE is still inside a descending channel, so the overall trend is not fully bullish yet.
* Current setup: Price is approaching the upper channel resistance.
* Momentum: RSI is rising and is around the mid-60s, showing improving buying momentum.
* Bullish confirmation: I’d want to see a daily close above the channel, followed by a successful retest.
* If rejected: A pullback is possible before another attempt higher.
Bottom line: The setup is interesting for an upside move, but price is currently at an important resistance area. I’d prefer breakout confirmation or a clean retest rather than chasing the move.
* Current setup: Price is approaching the upper channel resistance.
* Momentum: RSI is rising and is around the mid-60s, showing improving buying momentum.
* Bullish confirmation: I’d want to see a daily close above the channel, followed by a successful retest.
* If rejected: A pullback is possible before another attempt higher.
Bottom line: The setup is interesting for an upside move, but price is currently at an important resistance area. I’d prefer breakout confirmation or a clean retest rather than chasing the move.
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.
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.