Long
KITE poised for a move higher
Above all MA's, bounced off 10dma and closed on day's high with almost a maribozu candle.
Few ways to look at the action
- A bull flag formation in the last week.
- Prices consolidating just around the resistance.
- A not so idea Cup and Handle formation in the making.
- RSI is rising and bullish and not overbought yet.
A good place to go long with a stop below 58 or a close under 10dma could give a good R/R.
Few ways to look at the action
- A bull flag formation in the last week.
- Prices consolidating just around the resistance.
- A not so idea Cup and Handle formation in the making.
- RSI is rising and bullish and not overbought yet.
A good place to go long with a stop below 58 or a close under 10dma could give a good R/R.
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