$KTA $KTA.ax head n shoulder bullishA head and shoulder has formed on KTA, a break above the kneckline will signal a bullish reversal to test next resistance. 40% upside potential
KTA trade ideas
Breakout possibility on recent downtrend4h chart
Despite recent down trend, chart showing significant support at minor support level 0.091.
RSI showing signs of breaching recent downtrend.
Stochastic %k line about to cross the %D line above 20, showing a early buy signal (once crossed).
MACD line approaching cross over signal line also indicating an uptrend (once crossed).
OBV showing clear long term uptrend, signaling weakness in the recent downtrend and signs of reversal to continue long term uptrend.
Suspect price to break above recent downtrend and continue upwards with anticipation of and release of positive news.
