Trade Summary 📝
Setup: KNX building higher lows above rising support; testing multi-month resistance zone.
Entry: Watching for long entry on a break above $46.26.
Stop-loss: Below $44.20 (just under trendline support).
Targets: $49 (near double top resistance), $52.32 (analyst price target).
Risk/Reward: Attractive with defined risk and upside to multiple levels.
Technical Rationale 🔍
Rising trendline support shows bulls steadily defending higher.
Price compressing just below a prior pivot/high—breakout could spark new momentum.
Double top at $49 offers a logical first target; further room if bulls push to analyst target at $52.
Catalysts & Context 🚦
Analyst 1-year price target sits at $52.32 (+17%), with a “Buy” consensus rating.
Trucking/transport sector showing signs of rotation after long weakness.
Upcoming earnings and macro data could act as catalysts for a move.
Trade Management Plan 📈
Entry: On confirmed break and close above $46.26.
Stop-loss: Just below $44.20 support.
Scaling: Trim at $49 (double top area); hold runners for $52.32 if momentum continues.
What’s your move on KNX?
🔼 Bullish—Breakout incoming
🔽 Bearish—Resistance will hold
🔄 Waiting for confirmation
*** Follow us now to ensure you don't miss the next big setup ***
Disclaimer ⚠️: Not financial advice. Trade at your own risk and always use stops.
Setup: KNX building higher lows above rising support; testing multi-month resistance zone.
Entry: Watching for long entry on a break above $46.26.
Stop-loss: Below $44.20 (just under trendline support).
Targets: $49 (near double top resistance), $52.32 (analyst price target).
Risk/Reward: Attractive with defined risk and upside to multiple levels.
Technical Rationale 🔍
Rising trendline support shows bulls steadily defending higher.
Price compressing just below a prior pivot/high—breakout could spark new momentum.
Double top at $49 offers a logical first target; further room if bulls push to analyst target at $52.
Catalysts & Context 🚦
Analyst 1-year price target sits at $52.32 (+17%), with a “Buy” consensus rating.
Trucking/transport sector showing signs of rotation after long weakness.
Upcoming earnings and macro data could act as catalysts for a move.
Trade Management Plan 📈
Entry: On confirmed break and close above $46.26.
Stop-loss: Just below $44.20 support.
Scaling: Trim at $49 (double top area); hold runners for $52.32 if momentum continues.
What’s your move on KNX?
🔼 Bullish—Breakout incoming
🔽 Bearish—Resistance will hold
🔄 Waiting for confirmation
*** Follow us now to ensure you don't miss the next big setup ***
Disclaimer ⚠️: Not financial advice. Trade at your own risk and always use stops.
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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.
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.