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Intuitrading
Apr 17, 2019 9:11 AM

KSU earnings and gap up! But we need volumes 

Description

KSU with earnings today technically speaking is set up for a beautiful up-trend continuation, price action perfectly tapped the 13eMA sitting above it. What we usually need in this kind of scenarios are increasing volumes, especially we would like to see increasing big bid orders on the level 2. as a confirmation for the move. When testing important level of support or resistance big orders could give indication of a breakout or a fade failing marking new highs! Pre-market will be important for us to decide if consider the stock in our watch list or excluded for lack of volumes! Would be a pity considering that price action perfectly taped the 13eMA sitting on the level of support!
Have a nice trading day everyone!!
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