11.27.17 | KSS | Daily
Journal Entry: I have drawn a rising wedge and various lines of supply, demand, support, and resistance. I am targeting price to move lower to at least the first Fibonacci line. I am noting the bullish wave was created on declining overall volume and the bearish pressure is building on increasing relative volume. That's all the time I have tonight folks. Thank You, God Bless.
Note
It looks like price made a low this morning and is now trading higher for the afternoon. This may be a good sign of a continuation bullish however it still has more resistance to break through.Note
The day is not over but I am definitely saying the bearish news covering Black Friday is getting steam rolled and this baby is going higher. Perhaps a cover story released by the insiders to throw off the scent of their bullish trail. I am noting this is being done on below average volume so far.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.