Karooooo - Breakout imminent
KRO posted a SENS this morning announcing 3rd Quarter Unaudited financial results - look decent. On the chart KRO has been in a sideways consolidation pattern since august last year, but is now coiling between its yellow (downtrend) and blue (uptrend) TL's.
The play here is to look for a break on the upside (yellow downtrend) initially, and then should it clear 442 we could see a further move to 500+
Stop loss is a close below 375.
The play here is to look for a break on the upside (yellow downtrend) initially, and then should it clear 442 we could see a further move to 500+
Stop loss is a close below 375.
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