KNC Shows signs of Reversal
We have bullish hook reversal pattern,
price back test on MA 200 (Yellow line)
Stochastic show buy signal
MACD and RSI still neutral because price below the MA 10(orange line) and EMA 50(Red line)(also you can use them as a trigger) when price pass it we can consider control in the hands of bulls .
you can set stop loss below MA 200 and use 127%,161.8% fibo extension levels as a Take profit .
price back test on MA 200 (Yellow line)
Stochastic show buy signal
MACD and RSI still neutral because price below the MA 10(orange line) and EMA 50(Red line)(also you can use them as a trigger) when price pass it we can consider control in the hands of bulls .
you can set stop loss below MA 200 and use 127%,161.8% fibo extension levels as a Take profit .
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