khollspati

KBNT Inverse Head & Shoulders

Long
NASDAQ:KBNT   None
KBNT has developed an inverse "Head and Shoulders" pattern this month. This is a strong indicator that the down trend is about to reverse up.
After the price crosses the "Neck line" (About $7.43 +/-) it is possible that KBNT will breakout gaining $2.50 in value (The height of the head to neck line) arriving at a potential target price of $9.93.

Just my opinion, not financial advice.
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