KSS: Getting good to buy it back again
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I'm watching 
KSS here, I'd like to buy as close to support as possible. There's an interesting time/price juncture below, where the bottom of the uptrend's linear regression channel meets both the Key Earnings Level, as well as the uptrend speedline support, making it an ideal spot to buy.
This also happens to coincide with a potential bearish range expansion failure, where today's decline would fail to validate the bearish momentum, giving way to a good buy setup.
Risk a drop under $46.40-$42.40 initially, and buy a 10% position gradually during a week or two.
Good luck,
Ivan Labrie.
KSS here, I'd like to buy as close to support as possible. There's an interesting time/price juncture below, where the bottom of the uptrend's linear regression channel meets both the Key Earnings Level, as well as the uptrend speedline support, making it an ideal spot to buy.This also happens to coincide with a potential bearish range expansion failure, where today's decline would fail to validate the bearish momentum, giving way to a good buy setup.
Risk a drop under $46.40-$42.40 initially, and buy a 10% position gradually during a week or two.
Good luck,
Ivan Labrie.
Note
Bonus: check out the uptrend failure target...
Note
The smaller range bar on Friday sets up the stage to start buying, so I took my first entry. I'll buy a 10-20% position over a week.Transaction en cours
I'm in, buying into it gradually.Note
Up for the day after testing support!Note
Doubled the position here.
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