Kahoot! - Short Term - We look to Sell at 48.75 (stop at 54.80)
Prices are extending lower from the bearish flag/pennant formation. Continued downward momentum from 54.45 resulted in the pair posting net daily losses yesterday. The medium term bias remains bearish. The continuation lower in prices through support has been impressive with strong momentum and...
Kahoot is on strong support and completed ABC-correction... might have a couple moves left until breakout into bullish impulse wave... PS. fundamentals are also strong with company over expectations in Q4 2021 and with strong position in US market with Clever.
My first trading idea here. I think market uncertainty is the biggest concert on this trade. Use stop loss and be careful in these markets guys.
This is not financial advice, and I dont have a lot of experience, so take this as an idea.
It appears that Kahoot! has finalized wave 2 and is now headed towards 500 in wave 3
Very bullish and probably optimistic, but the ATH should be a reasonable target
Log scale
Elliot wave count when looking at an ABC correction forming on Kahoot ASA from a Cycle degree impulse wave with an extension in the Primary wave 5, finding support at the bottom of the extended Primary wave 5's Intermediate wave 2.
