Rough idea of how $KNC plays out

Thinking there's going to be a big push on KNC for $6 but a dip to let enough longs pile in. Then send it like it's about to double ath, sumn sumn, 'price discovery', but instead just eclipse it and slam it back down to punish any late longers.

We shall continue to observe pa and may be building a long around ~5.05-4.90, sell ~$6 depending on the move, but look for TP there and possibly flip short. Weekly is at ATH on every major indicator as being overbought there has to be few left curvers around to long this more here.