Bullish Cypher on KMTA bullish Cypher pattern has formed on KMT.
TP1: 38.2% of CD
TP2: 61.8% of CD
SL: Just below D or even slightly above since the uptrend has already begun.
KMT trade ideas
Kennametal Inc (Long)Entry at 30.58
Take Profit at 33.00 (7.91% profit from entry)
Stop loss at 28.45
KMT divergence on descending channel false breakoutPros:
- Force Index making lower highs when prices are reaching higher highs.
- MACD bullish divergence
- SMA 200 bounce
Cons:
- Stock started to make higher lows. (More bullish)
Trade Grade: 6/8
- Profit potential: Average 1
- Divergence: Good 2
- Candle signal: Good 2
- Emtry timing: Average 1
- Counter trend trade?: No (0)
Bouncing off of longer-term 1.618Chart and indicators are worth watching. Potential long in the near future.
KMT - KENNAMETAL GOING TO ATTACK THE MONTHLY DOWNTREND?KMS is in a monthly downtrend and it's going to attack the last long term trendline. Bullish divergence on monthly for a possible breakout. Let's see if the rising trendline holds or if it's going for one more test of the lows.
