KSM has broken and retested a crucial level only to confirm an upward move towards the next resistance zone which lies in the region of 340 - 360. B Bands are expanding along with a cluster of support factors, i.e. EMA50 & EMA 100. The median line is acting as strong support now with all the bullish momentum that the price action showcases. A golden cross is on the verge of passing between EMA 50 and EMA100. It is not always accompanied by bullish price action; however, recent developments of the price action suggest that this cross might boost KSM's chances of an uptrend. The move to the next resistance could produce a 29% profit. Plus, trade at this point offers a decent R/R.
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MACD has some more room to grow.
Trade active
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A bull pennant breakout. Conquer the black line of resistance and start the uptrend.