Close over $25 puts this above resistance with potential for a good run as high as $35. Relative strength present but volume a bit lacking. Long as we stay over $25 I'm interested swinging this but really would like to see volume pump in.
Note
Lost a higher high on Jul 12 where the market gapped up and held. Not RS and sellers quite clearly hanging out here. Still, have the EMA alignment and above the 9 so will keep this on radar for time being.
Note
Earnings 33 days away. KSS holding the EMA alignment where we haven't had a close under since Jun 26. This is not a stock that is going to outrun the market; at least, not based on the evidence presented so far. But if we can get continuation off yesterday I'd be willing to take a partial entry. Should this start showing leadership, add on.Note
This has taken a while to get off the ground but has definitely gained traction over the last week. We got the bullish engulfing on the 24th followed by a doji up top, then another BE followed by another doji holding the top of the candle. Where SPY printed an inside day Fri KSS opened Fri at Thurs O and printed green. Relative strength. Volume still is lacking. Would wait for this to first close under the EMA(3) then see what happens but I'd prefer C < EMA(9)
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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.