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KMT divergence on descending channel false breakout
Kennametal Inc.
Short
KMT divergence on descending channel false breakout
By zukedu
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Nov 18, 2019
6
Nov 18, 2019
Pros:
- Force Index making lower highs when prices are reaching higher highs.
- MACD bullish divergence
- SMA 200 bounce
Cons:
- Stock started to make higher lows. (More bullish)
Trade Grade: 6/8
- Profit potential: Average 1
- Divergence: Good 2
- Candle signal: Good 2
- Emtry timing: Average 1
- Counter trend trade?: No (0)
Chart Patterns
Descending Channel
Divergence
falsebreakout
Technical Indicators
Trend Analysis
zukedu
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