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Shizzle2020
Feb 14, 2021 6:37 PM

Kahoot forming a wedge. Anticipating a breakout.  Long

Description

Seems like Kahoot is taking a breather before a possible breakout. I am bullish on Kahoot and will be on the lookout for it to break out to the 1.272 and possibly the 1.618 Fibonacci levels. Will be buying the dips on the lower part of the wedge and build up a position, while keeping an eye out for squeezes to indicate the start of the breakout.
Comments
finansmararas
Looks like we are not far from a breakout. Have you been buying the dips further down? I think KAHOT might retrace another 5-6% before it is headed for the breakout. Updated thoughts?
Rookymartin37
@finansmararas, Given the recent volatility in this stock, it might swing both ways. On the contrary, it was just recently listed on the main exchange. This may also have an affect.
Rookymartin37
looks good
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