We've reached the support zone. Now the battle begins.
Will the buyers have more strength, or is the breakdown certain?
If the buyers win, the target is the upper band of the wedge.
If sellers win, the reference regarding wedge breakdowns suggests that the next move will be fast and strong towards the initial zone of the wedge.
The PEAD projected a Bullish outlook for $KKR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
The PEAD projected a Bullish outlook for $KKR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF KKR breaches Friday's low of $51.95 during tomorrow's session.
Our Quant Algo just flashedg a short signal on KKR . Expect the price to go down by at least 10% in next 60 days.
** This signal is the result of a quantitative analysis.
KKR, a leading global investment firm; Kairoi Residential (Kairoi), a national multifamily investment, development, and property management company; KBS, one of the most prominent investors in premier commercial real estate; and Southern Land Company (SLC), a national real estate developer of mixed-use developments and master-planned communities, today announced...
KKR seems to pullback sooner or later. The parallel channel is since a while pretty strong.I would recommend to enter below $56 and run long then.
Price target then over $65, stop loss at $54.
Next week should have confirmation if resistance turns into support, where I'll be long from there. If it fails at $56.36, it'll get knocked down a couple fib channels. Buying shares off those bounce points, watching the banks and S&P overall to see how this will trade accordingly.
KKR a solid name, made good money in the past here, took profits and chased...
