Bearish potential detected for KRE
Updated
Looking at KRE during the final hour of trade this morning on the US markets, KRE represents a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, considering breach of recent support levels aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the high of the recent swing on 17-Oct (i.e.: above the high of $42.92) and will track the declining 30 day moving average as the trade continues.
Trade closed: stop reached
Strong gap-up day on Thursday 2nd November moves against position detected on 24th October - any positions taken at this point would be best closed. Will be interesting to observe market reaction to long-term resistance at $42.70 from 1st May 2023.
Detailed commentary about this trade available here:
- youtube.com/watch?v=y5eqsVO_LPs (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=xP7cxQrgF4g (Crypto review)
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- youtube.com/watch?v=y5eqsVO_LPs (Stocks and bonds - latest scans timestamped in comments)
- youtube.com/watch?v=xP7cxQrgF4g (Crypto review)
Like/subscribe for the latest!
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