KForce or Super Rocket Ship? (ST target 39.95)

10 feb 2019

Bullish outlook for KForce due to positive momentum signal from breakout of Ichimoku Cloud.

I expect prices to continue in its rally upwards to $39.95.

Idea invalidated if prices fall below $35.38 consistently.

Rationale:
Daily Viewport (Breakout of Tenkan Span)
- Beginning of a bullish breakout after a brief winter in 4th quarter of 2018.
Weekly and Monthly Viewport
- Bullish Trend, no change in due to Chikou Span staying above Senkou Span B.

Trend Indicators: Ichimoku (9,26,52), MACD , OBOS

12 feb 2019

Trade attivo

Daily candles are looking looking good.

If the rally sustains itself, I expect a minor pullback at 37.41 before testing the resistance again.

20 feb 2019

Trade attivo

The markets blew through the resistance.

In my opinion, I am confident about the rally to 39.85, nothing appears to be blocking the move upwards.

Moving SL to 37.30 to lock in gains