KIRK has been dropping rapidly for the last few months. Falling right into monthly demand right now. Bought the monthly support. Looking for a bounce to about 6.80, but i plan on closing my position around 5.50
Buying the fresh weekly supply and aiming for the bottom of the previous chart structure. Invalidation is a daily or weekly close below the low at 15. Looking to close the entire position at 83. Will cut if there is a lot of resistance at 47 or 75 level
Buying the monthly breaker that’s confluent with the 70.5 retracement level. Aiming for the next zone of supply that hasn’t been hit just above the last high. This idea is based off the monthly chart so I’m expecting targets to get hit towards the end of the year. A strong monthly or weekly close below the 79% level at $7.20 would invalidate the trade.
Same concept from the idea yesterday. False break on the 12hr, looking for retracement into the 12hr candle into a 2hr ob and 70.5% retracement lvl, my target is still the same, which is opening price of the 3 day supply.