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Sep 28, 2020 11:46 PM

$KSS 4 Month #Rectangle #ChartPattern Short

Kohl's CorporationNYSE

Description

Kohl's been trading in a well defined range for the last 4 months with $18.75 area acting as support that has been tested 4 times. The stock failed to put a meaningful bounce along with a strong market today. The lack of buying interest close to these levels could indicate the stock is ready to breakdown and start heading lower again. Sell short a clear daily close below rectangle support level.
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