Nov. 13 at 1:12 AM
$KMI is currently trading at
$27.01, with an RSI of 43.43, indicating a neutral to slightly bearish momentum. The price is at the 30-day moving average (MA30) of
$27.01, suggesting potential support. However, the 50-day moving average (MA50) is slightly higher at
$27.17, indicating a bearish trend if the price fails to break above this level.
The recent 60-day high of
$28.91 and low of
$25.6 create a range that suggests potential volatility. Given the ATR of 0.6, we can anticipate modest price movements.
For a trade plan: consider entering a long position at
$27.10, just above the MA30, with a stop loss at
$26.80 to protect against downside risk. Target 1 can be set at
$28.00, near the previous high, and Target 2 at
$28.50, allowing for potential upward momentum if the price breaks resistance.
Monitor RSI closely for any signs of reversal.
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