KSS Long off of long term support and wedge breakout

Confirmation of wedge breakout + volume surge. Well it looks like the chart I annotated yesterday took off a bit early on me. Retail numbers have been good and this type of formation is being seen currently in M, KSS, AEO and many other retailers. Price is bouncing off of longer term support and breaking out of this wedge. I'll buy now and sell a portion around $79 to lock in profits. If the price sees a breakout above $80 I'll go in heavy again for the breakout play.

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Commentaire:

I'm going to take a small position tomorrow.