Posted by ameritrader on 10th of Sep 2008 at 12:38 pm
is KR breakout or channeling?
KRorger: is it breaking out, or is it channeling?
As a novice IRA swing trader, would this be a good channeling
stock?
The EMAs are curling up, the HIST is angled up, the RSI has
crossed 50, it had strong volume to the upside, during Mondays big
sell off, with both OBV & FORCE turned up.
I am asking the master traders for advice as to, would this be a
good choice for beginners to trade as a channeling stock, or do you
think the upside will flatten out from here?
Support/Stop Loss target at 27.0
Profit target at 29.90 the BB level and previous Resistance
levels
thanks for the replies from a struggling chart student!
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KR breakout or channeling?
Posted by ameritrader on 10th of Sep 2008 at 12:38 pm
is KR breakout or channeling?
KRorger: is it breaking out, or is it channeling?
As a novice IRA swing trader, would this be a good channeling stock?
The EMAs are curling up, the HIST is angled up, the RSI has crossed 50, it had strong volume to the upside, during Mondays big sell off, with both OBV & FORCE turned up.
I am asking the master traders for advice as to, would this be a good choice for beginners to trade as a channeling stock, or do you think the upside will flatten out from here?
Support/Stop Loss target at 27.0
Profit target at 29.90 the BB level and previous Resistance levels
thanks for the replies from a struggling chart student!