Potential outside week and bullish potential for KCNEntry conditions:
(i) higher share price for ASX:KCN above the level of the potential outside week noted on 2nd May (i.e.: above the level of $1.825).
Stop loss for the trade would be:
(i) below the low of the outside week on 28th April (i.e.: below $1.54), should the trade activate.
KCN
KCN rangingKCN ranging on both daily and weeky timeframe.
- Weekly (white) range between 9042 & 6390 sats.
- Daily (blue) range between 10020 & 6248 sats.
- Expecting a retest of the support zone between 6248 & 6390 sats. Should we break below it we could see a sharp drop if volume follows.
- MACD showing signs of bearishness. See what happened last time the slow MACD took the upper hand?