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fjack1928
Jul 17, 2023 3:52 AM

KEY - Quick Chart Reading 

KeyCorpNYSE

Description

Howdy Traders!

In this quick chart reading, we will be looking at KEY. A large support (white) and a resistance (orange) was created. As of now, NYSE:KEY has broken through the top resistance (orange). The plan for this trade would be as follows. If NYSE:KEY successfully rebounds at the orange resistance level, it may then be a great bullish push towards the $14.45 level. However, if it shows a weakening, and it falls right through the orange, then it may head towards $6.45. If NYSE:KEY does break downwards, then it is important to know that there is buying support at the $9.00 to $9.25 area. Not only that, but NYSE:KEY has an upcoming earnings report which could affect this plan.


Bona Fortuna!
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