KRONO, Potential Reload Point?

KRONO posted latest quarter results on the 30th Oct 2019, triggering a spike in share price. After failing to break through 0.805, price fell and almost undone all the gains since releasing results. However, the correction could be an opportunity for buying at support instead of the usual breakout signal.

Bias: Short term bearish, yet moving averages (MA) in bullish formation. Potential entry around 2nd MA.

Stop-loss: 0.665 // If violated, higher chance of further consolidation and could test 3rd MA as support.

1st target: 0.805 // Previous high as resistance. May have further bullish potential if resistance if broken. #breakout

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Comment:

Congrats to those who profited; 20.71% in 35 days.
Breakout at 1st target: 0.805 with high VOLUME, and strong bullish candle.

Fibonacci extension as the next target shows 0.890.

Thank you for your support, peace :)

Trade closed: target reached:

Amended