KALA BIO (KALA) is forming a bullish ascending channel after a prolonged base, with price consistently making higher lows and higher highs. The current setup suggests strong accumulation, and the stock is now approaching a potential breakout point.
A clear uptrend channel is visible, and a breakout from this pattern could trigger a powerful move towards the analyst target at $13.00, as marked on the chart. The green arrow highlights the expected bullish momentum if the breakout materializes.
Trade Idea:
Entry: On breakout above the upper channel line, confirming momentum
Target: $13.00 (analyst target)
Stop: Below the channel support or recent swing low to manage risk
Volume confirmation and overall market sentiment will be key. As always, use proper risk management and do your own research before entering any trade.
A clear uptrend channel is visible, and a breakout from this pattern could trigger a powerful move towards the analyst target at $13.00, as marked on the chart. The green arrow highlights the expected bullish momentum if the breakout materializes.
Trade Idea:
Entry: On breakout above the upper channel line, confirming momentum
Target: $13.00 (analyst target)
Stop: Below the channel support or recent swing low to manage risk
Volume confirmation and overall market sentiment will be key. As always, use proper risk management and do your own research before entering any trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.