This is a very interesting chart. Following a major dump in price in March after dividends were paid, Price now has gaps to fill both on the upside and downside, meaning if it breaks through this resistance, it’s running to $50.60 a f if it doesn’t, then it’s likely falling to $44.40.
It’s also currently in a squeeze as shown by the bollinger bands and the TTM...
KTOS had a good run but pulled back to around the $24 mark where it formed a double bottom. This dip was from a high of over $32+. It is not making its way back up hut currently stuck at the $29.50 resistance point. It it breaks past that intersection, it’s new target is the $31 mark.
MACD is also showing weakening buying pressure but if price breaks through on...
