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Erictaylor
May 17, 2022 12:14 AM

KOS  Short

Kosmos Energy Ltd.NYSE

Description

Has been on strong rally. Hienstly makes me sad becusee I called this breakout from 1$ range. Which I sold in the 3.90s and never looked back. Finally I charted this last week finding a symetrical trinagle on the the daily. As of now we have lost that support and came back to backtest it. The main resitance is 7.54. If we fail to close above that this could actually be the start to a bearish down turn for KOs. Is it time to take profits ? Unless we can clear 7.50s and hold as support it is starting to show weekness
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