It appears we are close to a symmetrical triangle breakout on the $KAS chart. The breakout has not yet occurred, but if it does here, we could see price movement to $0.0455. Good luck!
Trade active:
You can see a breakout occurred, and already a clean retest of the trendline. The only thing I do not like is that there volume was not so significant on the breakout, which could indicate a weak breakout and the possibility of price falling back within the triangle. Time will tell. Target is still intact. $KAS
Comment:
This trade is looking good and is right on track!!! Approximately halfway to the target. Some see this playing out as a larger cup and handle pattern, which is possible. But let's focus on this move first!!
Trade closed: target reached:
Target reached!!! Thanks for playing!!!
