Long
KForce or Super Rocket Ship? (ST target 39.95)
Bullish outlook for KForce due to positive momentum signal from breakout of Ichimoku Cloud.
I expect prices to continue in its rally upwards to $39.95.
Idea invalidated if prices fall below $35.38 consistently.
Rationale:
Daily Viewport (Breakout of Tenkan Span)
- Beginning of a bullish breakout after a brief winter in 4th quarter of 2018.
Weekly and Monthly Viewport
- Bullish Trend, no change in due to Chikou Span staying above Senkou Span B.
Trend Indicators: Ichimoku (9,26,52), MACD , OBOS
I expect prices to continue in its rally upwards to $39.95.
Idea invalidated if prices fall below $35.38 consistently.
Rationale:
Daily Viewport (Breakout of Tenkan Span)
- Beginning of a bullish breakout after a brief winter in 4th quarter of 2018.
Weekly and Monthly Viewport
- Bullish Trend, no change in due to Chikou Span staying above Senkou Span B.
Trend Indicators: Ichimoku (9,26,52), MACD , OBOS
Trade active
Daily candles are looking looking good.If the rally sustains itself, I expect a minor pullback at 37.41 before testing the resistance again.
Trade active
The markets blew through the resistance. In my opinion, I am confident about the rally to 39.85, nothing appears to be blocking the move upwards.
Moving SL to 37.30 to lock in gains
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.