$KSM Price broke out of the Sideways Channel, spiked up +100% quickly on big volumes to $53 resistance but got overbought (RSI ~ 80) and pulled back on some profit taking. That larget gap up has been filled now as price retraced that entire move up. Now it's consolidating in a Channel Down pattern. We wait for a breakout, which could be followed by price revisiting $53. Alternatively, we would be buyers on pullbacks to $23 support and 200-day Moving Average.
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KSM
30.79
-2.96%
Replies 0