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AlexKondratev
Feb 23, 2017 11:29 AM

SHORT KN FROM RESISTANCE IN THE DIRECTION OF THE TREND Short

Knowles CorporationNYSE

Description

ENTER 19.15
STOP 19.56
TARGET 9.61

The trade is in the direction of the trend: descending impulse with potential flag pattern.

Nice doji signal at the resistance line promise small stop loss with huge potential gain.

The signal supported with the real resistance flag line & hidden resistance at 23.60%.

It is also supported with RSI14 and Stochastic Bearish Crossover.

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