Dec. 26 at 10:11 PM
$KOS What to Watch for Monday
Support Test: Watch the
$0.836 level. If the stock opens below this on Monday, it could trigger further "stop-loss" selling.
RSI Oversold Signal: On a technical basis, KOS is likely entering "extremely oversold" territory. Traders will be looking for a "reversal candle" or a sudden spike in buying volume to signal the bottom is in.
Brent Crude Prices: As an oil producer, KOS's ability to bounce back on Monday will depend heavily on whether oil prices show strength over the weekend.