KMX is in a nested pattern, currently undergoing the
1. Its currently in short term over bought, though I believe there is a little bit more for the price to move up. I could be wrong and the 63.00 price is the resistance that it has hit and continue the down trend .
2. the stock seems to stick to previous reasonably well and from the looks of it the price may reach the first resistance at 64.00. If the action over the preceding few days starts to drop till it reaches 64 with very high Over bought Indication, the stock could start to tank, as 64 is lower than the last 2 lows of the engulfed pattern.
3. If the price starts going south, it is likely that the stock would reach the 2016 support or a very strong support since 2007.
4. now if the action remains strong and blows past 64 and reaches 65.8 as top of the shoulder, it is highly likely that the pattern is going to be invalid, the stock could take immediate support and may remain . but if the action was poor in getting to 65.8, it would be worth a wait to see what the stock would do if it does start a .