$KSS next stop... channel low
KSS has been trading within the $21 - $15 range since early April. It unsuccessfully attempted to break the $21 resistance level twice this week, and is now headed for the lower resistance level of $15. Based on past trading ranges, we should expect to see it hit this tomorrow for a 20% loss.
Additional Thoughts:
This will be further strengthened by
AMZN's earnings announcement today. Amazon is even seeing difficulty in this market and they have an online strategy locked down. KSS doesn’t stand a chance until we reopen. Most high population states with, also tend to have higher income levels, are extending lockdowns.
Additional Thoughts:
This will be further strengthened by
AMZN's earnings announcement today. Amazon is even seeing difficulty in this market and they have an online strategy locked down. KSS doesn’t stand a chance until we reopen. Most high population states with, also tend to have higher income levels, are extending lockdowns. Note
If we break the $15 resistance level I expect this to fall and test the previous 52 week low of $10.90. Depending on momentum and news, it's possible we may break through this and establish a new low in the $5-6 range.
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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.