Downward move to touch the lower trend line of this large structure that is seen. A channel can also be drawn but I think that will eventually break down. The chart pattern is a megaphone or a expanding wedge. Bearish Analysis
It is swinging up by making higher highs and higher lows. There are both 100 and 200SMA ahead so it can pull back to bottom of the channel after hit them. If you find my charts useful, please just "Like"
KAI seems forming a beautiful H&s formation. We think it has good downside potential. KAI - Break below 89.44. Target 77.33. 97.13 Stop Signal.
July 10th, 2015 - July 8th, 2016 QA Avg. 12-month Price Target: 58.35 Analyst Consensus Price Target: 58.68 QA Price Target Range: 40.75 - 73.43 Total Alpha Rank: 97th percentile Value Alpha Rank: 76th percentile Growth Alpha Rank: 76th percentile Quality Alpha Rank: 71st percentile Sentiment Alpha Rank: 90th percentile