KRE - time to go Long!

KRE

KRE, looks good to push higher! CMP : $57.28

We are witnessing a continuous higher high and higher low on the RSI indicator and price has just been pushed lower by the Resistance Line (R1) @ $58.60 levels

Price has already created a support level near $48.87.

Important trading levels

R1 : $58.60
R2 : 65.77

S1 – 50.88
S2 : 45.16
S3 : 36.25

RSI seems to be showing signs of being oversold faster at higher price points suggesting higher price action

Watch out for this space, go long and sit tight

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Cheers

Comment:

Testing support levels now, on confirmation of support and bounce, we could go long.

Pls look at own risk management before taking any trades