fallondpicks
Long

A Bullish Scenario for KMI

NYSE:KMI   KINDER MORGAN INC DEL
192 1 1
It's pointless to forecast, but as a long holder of the stock I would like to see a test of October lows: It's important to have a strong base from which demand can be built. The spike low looks vulnerable in itself, and was generated through the prism of panic. What's needed is a more rational assessment of demand, ideally built up over the next few months. I have marked support and resistance levels to watch, defined through Fib retracements.

It's important to add, I'm looking at this through a long bias as a shareholder. It's not a call to buy.
This finally made the break at the time marked on the chart, although the path was more bullish than I had projected. Just a bit of fun, making the new high is more important to me than how it got there!
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