0JPN trade ideas
Alltime HighWe are in a long lasting uptrend. The trend is healthy enough as it faces corrections regularly. After each rise of around 10 % we watch an almost complete Fibonacci retracement. When done the trend continues. I assume that this correction since the beginning of the past week will be no exception.
$KBR is showing signs of moving higher!Notes:
* Very strong up trend since 2016
* Great earnings track record
* Basing for the past ~5 months
* Created a double bottom and is now approaching the top of the handle
* Recently bounced off of its 50 day line
* Offering a low risk entry
Technicals:
Sector: Industrials - Engineering & Construction
Relative Strength vs. Sector: 2.23
Relative Strength vs. SP500: 2.26
U/D Ratio: 1.52
Base Depth: 28.54%
Distance from breakout buy point: -7.85%
Volume 10.62% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line on stable volume
* If you're looking for a better entry you can look for one around the 51.8/9 area as that should hold as support
* If you're looking for a safer entry you can wait for a break and hold above 53.26
* This stock usually has local tops when the price closes around 15.01% above its 50 EMA
* Consider selling into strength if the price closes 14.81% to 15.21% (or higher) above its 50 EMA
* The last closing price is 4.37% away from its 50 EMA
KBR Option DailyHey my friends, KBR is in a bullish configuration with a high buying volume. Desperate attempt of repressed sellers as can be seen from the shadows. Great potential to fill the bullish gap to get below and if the buyers are still there to go to the last precedent above. Which also matches the line that tells the story of KBR and that is the 50% retraction.
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