Dec. 6 at 2:15 AM
$KIM Analysis:
Current market context shows
$KIM closing at
$20.36, with an RSI of 48.43 indicating a neutral stance. The MA30 at
$20.69 and MA50 at
$21.04 suggest potential resistance above the current price. The 60D high of
$22.6 provides an upside target, while the 60D low of
$19.86 indicates a support level.
Directional bias is cautiously bullish, as the price is near the MA30 but below the MA50. A breakout above the MA30 could signal upward momentum.
Trade Plan:
- Suggested Entry:
$20.50 (above MA30)
- Stop Loss:
$19.80 (below recent support)
- Take Profit Targets:
1.
$21.00 (2.4% ROI)
2.
$21.80 (6.9% ROI)
3.
$23.00 (12.9% ROI)
With a potential for over 17% ROI on take profit 3, this trade offers a favorable risk-reward ratio. Monitor price action closely for confirmation before entering.
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