An IHS setup occurred in KIO and price broke higher then pulled back to test the neckline. This looks like a scenario of second chances if you failed to initiate a position in the setup in the prior move. R/R should now be nominal given the second opportunity. Keen eyes will note the bullish engulfing candle and price is sat at ATH. I will further add that there is a strong uptrend in the stock
Trade active:
Stop loss almost hit on this..hanging on by a few cents.