K Daily Setup Long

KellanovaNYSE

Description

⋅ Jul 18, 2021 6:01 AM

NYSE:K daily long setup:

Over the last few weeks prices have filled in the gap made on the May 6th earnings and then formed a double bottom at that support level. On Friday prices broke the top trendline and MACD has crossed positive.

Buy taking out Friday's high at 64.57

Stop Loss under double bottom at 62.41

Profit Target 72.78

Risk/Reward 3.8

Comments

ricomister

⋅ Aug 2, 2021 3:28 PM

if the earnings release this week looks good, then yea, your prediction/speculation will become real...