fonzotrader
Long

Descending triangle reversal pattern has been confirmed!

BATS:KBH   KB HOME
109 1 0
Nice descending triangle reversal pattern. Pattern broke through the upper line with a gapu up and very high volume . The pattern was confirmed a couple of days ago when the stock made a pullback, Price is just over the pivot point but under the 23.6% fib line Price target is around the 38.2% fib line at $19.34. If stock price would go down, stop-loss has been placed around a previous resistance now support level . Good sign that volume has decreased on consolidation. I'm not trading this stock but these are my views on it.
NICE
GL
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