Upcoming Roller Coaster For Kohl's (KSS)
Updated
Putting Elliott Wave Theory To Work. I have made the first of six trades today with three planned positions over the next 3 months. After breaking down the KSS chart at a technical level, I have forecasted 3 rough price points (68.42, 61.22, 75.62).
PLAN #1
Entered first position at 63.37 on January 12
Plan to exit around 68.42 around January 18
This would be around an 8% gain
PLAN #2
Plan to short after the exit around 68.42 on January 18
Plan to exit around 61.22 on February 23
This would be around a 10.5% drop for stock
PLAN #3
Plan to enter long position around 61.22 around February 23
Plan to exit around 75.62 around April 18
This would be around a 23.5% gain
PLAN #1
Entered first position at 63.37 on January 12
Plan to exit around 68.42 around January 18
This would be around an 8% gain
PLAN #2
Plan to short after the exit around 68.42 on January 18
Plan to exit around 61.22 on February 23
This would be around a 10.5% drop for stock
PLAN #3
Plan to enter long position around 61.22 around February 23
Plan to exit around 75.62 around April 18
This would be around a 23.5% gain
Trade active
Closed first position at 67.50 today.PLAN #1 is completed
Moved 4.13
6.5% gain
Opened short position at 67.43
Plan to exit below 62 or by the end of February
Note
PLAN #2 completed on February 6 with sell at 59.55Stock dropped 7.95
11.7% profit
Entered long position on February 9 at 60.50
Plan to exit around 75 mid late March - early April
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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