Trade Summary 📝
Setup: KNX building higher lows above rising support; testing multi-month resistance zone.
Entry: Watching for long entry on a break above $46.26.
Stop-loss: Below $44.20 (just under trendline support).
Targets: $49 (near double top resistance), $52.32 (analyst price target).
Risk/Reward: Attractive with defined risk and upside to multiple levels.
Technical Rationale 🔍
Rising trendline support shows bulls steadily defending higher.
Price compressing just below a prior pivot/high—breakout could spark new momentum.
Double top at $49 offers a logical first target; further room if bulls push to analyst target at $52.
Catalysts & Context 🚦
Analyst 1-year price target sits at $52.32 (+17%), with a “Buy” consensus rating.
Trucking/transport sector showing signs of rotation after long weakness.
Upcoming earnings and macro data could act as catalysts for a move.
Trade Management Plan 📈
Entry: On confirmed break and close above $46.26.
Stop-loss: Just below $44.20 support.
Scaling: Trim at $49 (double top area); hold runners for $52.32 if momentum continues.
What’s your move on KNX?
🔼 Bullish—Breakout incoming
🔽 Bearish—Resistance will hold
🔄 Waiting for confirmation
*** Follow us now to ensure you don't miss the next big setup ***
Disclaimer ⚠️: Not financial advice. Trade at your own risk and always use stops.
Setup: KNX building higher lows above rising support; testing multi-month resistance zone.
Entry: Watching for long entry on a break above $46.26.
Stop-loss: Below $44.20 (just under trendline support).
Targets: $49 (near double top resistance), $52.32 (analyst price target).
Risk/Reward: Attractive with defined risk and upside to multiple levels.
Technical Rationale 🔍
Rising trendline support shows bulls steadily defending higher.
Price compressing just below a prior pivot/high—breakout could spark new momentum.
Double top at $49 offers a logical first target; further room if bulls push to analyst target at $52.
Catalysts & Context 🚦
Analyst 1-year price target sits at $52.32 (+17%), with a “Buy” consensus rating.
Trucking/transport sector showing signs of rotation after long weakness.
Upcoming earnings and macro data could act as catalysts for a move.
Trade Management Plan 📈
Entry: On confirmed break and close above $46.26.
Stop-loss: Just below $44.20 support.
Scaling: Trim at $49 (double top area); hold runners for $52.32 if momentum continues.
What’s your move on KNX?
🔼 Bullish—Breakout incoming
🔽 Bearish—Resistance will hold
🔄 Waiting for confirmation
*** Follow us now to ensure you don't miss the next big setup ***
Disclaimer ⚠️: Not financial advice. Trade at your own risk and always use stops.
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.