SWING IDEA - KELLTON TECH SOLUTIONS
Updated
Kellton Tech, a global IT services and digital transformation solutions provider, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
Target - 155 // 170 // 185
Stoploss - weekly close below 97
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Attempt to Break Cup and Handle Pattern: The price is attempting to break out of a classic cup and handle pattern, which is a bullish continuation pattern indicating potential for further upward movement.
- 115-125 Resistance Zone: The 115-125 level has been a significant resistance zone, tested multiple times. The price is now trying to break through this level, suggesting strong bullish momentum.
- Bullish Marubozu Candle on Weekly Timeframe: The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
- Increase in Volumes: A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
- Support at 50 EMA on Weekly Timeframe: The stock took support at the 50-week exponential moving average (EMA) and is now bouncing back, reinforcing the overall bullish sentiment and providing a strong support level.
- Higher Highs: The stock is consistently making higher highs, indicating a strong upward trend.
Target - 155 // 170 // 185
Stoploss - weekly close below 97
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Note
made a high of 25%+ in 2 daysTrade closed: target reached
1st target achieved : 41%++Note
2nd target achieved : 60%++we are very close to our 3rd target
Note
we achieved our 2nd target and price has now retraced a bit, hold for 3rd targetNote
another fast move can be captured above 170 Note
all time high weekly close, hold!
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