KALH Upside Potential?Looking purely off of KALV with the range that it has been in and the healthcare sector that it is a part of. IF healthcare sector will continue to rebound, this stock could potentially rebound as well back to the $13-$15 range. It is currently sitting right below the 200 day moving average and seems to be holding support there. I'm considering a stop loss just below $11 since this stock can move $0.83 a day with a trailing stop loss of 9%. I see it is valued under pressure of the VWAP that is currently at $12.20. This could be a beautiful continuation of the long trend that it has been in since January 2025 with an entry on this pullback. RSI looks like it is exhausting out with oversold conditions at 37.30. I like the inverted hammer that was placed and the fact that we have 3 days worth of support on the 200 day moving average.
On the fundamentals, this company is a cash king in the fact they have more cash than debt. Market Cap 567.26M vs. Enterprise Value 420.76M and Insider ownership is key: Insider Ownership: 22.58%. All of which show that management are in charge and have a vision.
As always, do your own research and due diligence. Not trading advice.
KALV
KALV - Fallen angel breakout long from $9.57 to $14.33KALV seems breaking out after a long sidewise movement. Recently it had a good breakout & now seems getter ready for a break again.
It also has some insider buying. We think it will continue upward from its current label.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Buying support. Fallen angel breakout
Entry Target Criteria- Current price ($9.57)
Exit Target Criteria- $14.33
Stop Loss Criteria- $8.43
Indicator Notes- Bouncing off its MA 100
Special Note- Very big insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Potential Bearish Butterfly setting up in Kalvista$Kalv setting up for a potential Bearish Butterfly
But it's still early to say for sure !!!
PRZ will be 9.33
I expect only to see T1 (8.28) happening due to - a completion of the pattern will break an important resistance line going way back. That could send the price of this stock very high. (Gaps to be closed).
T2 come in at 7.61
Time will show!
Best to your trading!
WallStScalper.com
P.S Prior of posting this pattern I made a chart with a pattern showing a truncated B to C-leg - in what I called a potential Bearish Cypher. In lack of a name of this pattern which I often see in all trading categories - I called it a Bearish Cypher pattern. See chart below
The truncation of the B to C-leg makes it perhaps more suitable calling it a double bottom B to C-leg. It has the characteristics of always surpass the recent low (X to A leg) a little further than the X to A leg due to the natures of the B to C-leg taking stops out that have been place right under the X to A leg endpoint.
Perhaps it's better calling it a Bearish truncated Cypher Pattern. Anyway for your future trading - be aware of this truncation in the pattern that will give you an edge in trading harmonic patterns.
Lastly: There is nothing to prevent a full pattern happening either.
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