KSM: TECHNICAL ANALYSIS AND FUNDAMENTAL ANALYSIS GO TO WAR
Technically, KSM is poised to commence a rally towards previous ATHs. MACD is showcasing a bullish cross. Stoch RSI is divergent and bullish. RSI has room to delve deeper into overbought territory. Volume is significantly higher than the previous rally that was kickstarted back in February.
However, fundamental analysis dictates that "Buy the rumor! Sell the news". Last time around, the price action played by the book. Will it this time? It's everyone's guess.
I trust the chart and watch the key levels as usual. I expect a bull rally. My prediction is that the price will assail higher levels; however, this is my personal bias according to my reading of the chart. Definitely, with a break below 267, if confirmed, I'm out. On the other hand, with a break above the red zone (the resistance zone), I expect a massive rally, if confirmed. Always remember, every resistance must be retested and held to confirm a bullish breakout.
However, fundamental analysis dictates that "Buy the rumor! Sell the news". Last time around, the price action played by the book. Will it this time? It's everyone's guess.
I trust the chart and watch the key levels as usual. I expect a bull rally. My prediction is that the price will assail higher levels; however, this is my personal bias according to my reading of the chart. Definitely, with a break below 267, if confirmed, I'm out. On the other hand, with a break above the red zone (the resistance zone), I expect a massive rally, if confirmed. Always remember, every resistance must be retested and held to confirm a bullish breakout.
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