Above all MA's, bounced off 10dma and closed on day's high with almost a maribozu candle.
Few ways to look at the action
- A bull flag formation in the last week.
- Prices consolidating just around the resistance.
- A not so idea Cup and Handle formation in the making.
- RSI is rising and bullish and not ...
Looks like TA worked again! If you follow our blog page www.investfsu.wordpress.com you would have caught this wing trade to play the bullish shoulder on KITE. To catch trades like these and many others follow and participate in our blog FSU Investing Club blog.