KNSL Weekly Chart
The Hammer* printed this week, under Resistance*, suggests a reversal from the last month's growth. This is in keeping with the consolidation range seen on the monthly chart. Post-earnings drops in pricing have also been consistent since May '22, further reinforcing this Candle's* indication. Returning to that Trend* will likely see pricing below $300 before a retest of this same Resistance at $320. A repeated rejection, that then fails the Trend, could build an Adam & Eve* sending trading under $250. A breakout over $320 maintains the last year's cyclical growth toward $369.
* Link to the definition of pattern
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