KAI - Downward MoveDownward move to touch the lower trend line of this large structure that is seen.
A channel can also be drawn but I think that will eventually break down.
The chart pattern is a megaphone or a expanding wedge.
Bearish Analysis
KAI trade ideas
KADANT $KAI swinging upIt is swinging up by making higher highs and higher lows. There are both 100 and 200SMA ahead so it can pull back to bottom of the channel after hit them.
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KAI - H&S formation short from 89.44 to 77.33KAI seems forming a beautiful H&s formation. We think it has good downside potential.
KAI - Break below 89.44. Target 77.33. 97.13 Stop Signal.
