AlexandreFF
Short

KKR Rising Wedge

NYSE:KKR   KKR & CO INC CLASS A
98 4 0
KKR             is in presence of a rising wedge pattern. The upper trendline of the pattern has been hit for the 3rd time and a short is the best thing we can do.
I don't understand why you would short the stock.
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AlexandreFF EugeneGuinn
Because you have an upper trendline acting as a resistance, it's a rising wedge pattern the stock trades between the two trendlines until it breaks the lower one.
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EugeneGuinn AlexandreFF
Thanks for the explanation. I am very new to technical analysis. Do you use any additional information to estimate the direction of the stock or do you use only the chart?
Reply
AlexandreFF EugeneGuinn
Np, for now i only use charts
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