Hello Traders from around the world! =)
Well I'll veer away from posting about the fundamentals of the company as usual. This is merely my technical view point on the stock and what attracted me "technically" to the stock.
Well most importantly is the bottoming process the company experienced this year in the $11.00 - $15.00 range which also supported price...
After trading laterally for the most of 2015 KKR is on the move again. Great opportunity to buy this stock for long term appreciation with little downside risk.
Price has broken out from its 1st standard deviation from quarterly (66-day mean) on 13th of July and passed an uptrend test on 20th of July 2015.
Thus on technical basis there is a clear upside risk...
KKR is in presence of a rising wedge pattern. The upper trendline of the pattern has been hit for the 3rd time and a short is the best thing we can do.
