KMI, a stock that’s rather under the radar has been gradually climbing as of last week broken out of a 2 month consolidation and is looking to continue its trend moving higher. Forming a solid confirmation candle last Friday, I will be setting a pending order around its highest trading price of $21.87.
Plotting a Fibonacci Extension in its recent impulse move created during Earnings and Dividends news, the highest i’d hold the position would be around $23.75. A further confidence boost is given as ‘Argus’ and recently ‘Morgan Stanley’ setting the price target for KMI at $24. Therefore to assume holding it to our target price seems like a safe bet.
Plotting a Fibonacci Extension in its recent impulse move created during Earnings and Dividends news, the highest i’d hold the position would be around $23.75. A further confidence boost is given as ‘Argus’ and recently ‘Morgan Stanley’ setting the price target for KMI at $24. Therefore to assume holding it to our target price seems like a safe bet.
Trade attivo
Price reaching our first target of 22.50 🚀Trade chiuso: obiettivo raggiunto
TP reached!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.