CoryMitchell-CMT

KXS.TO Short-Term Trade In Long-Term Trend Direction

Long
TSX:KXS   KINAXIS INC
Short-term momentum looks to have re-aligned with the longer-term uptrend. We had a deep pullback into late October, but the price doubled bottomed there and had a sharp recovery after. Looking to capitalize the short-term rally which could unfold into a major upwave.
Target is conservative but has a great reward:risk. Can also use ATR Stops as a trailing stop loss--if price closes below the indicator line, move the stop loss to just below the low of that day.

Cory Mitchell, CMT
Stock and forex trading insights at https://tradethatswing.com/
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