KODK trade ideas
KODK, Fasten Your Seatbelts!!! Possibility for Major Squeeze!KODK is on watch here as it crept out of a major pennant formation. KODK also came down to retest to support and bounced strongly. Eyes are on KODK here as it can retest $12. With a break of $12 per share, $16 should follow shortly after, and a break of $16 can send it flying past $24. Keep this on your watchlist, watch for news, and stay strapped in as this may rip before our eyes!
$KODK ascending triangle bull?Notes on chart
interested to see how this plays out.
key points:
-RSI overbought on the weekly, expecting further consolidation for now
-potential entry at ~$9.50, potential growth to ~$20.00
-breakout could occur with more volume and sustained high RSI for short period of time
-MACD on weekly turned bullish, should continue for several weeks
this chart is just a tool to track this movement
KODK : The sleeping giant.Hello All. Here is my analysis that is not so far fetched.
Pros:
1. Partnership with microsoft.
2. Solid institutions bought in December 2020
3. Pharmaceutical Division pending
4. Low float count in available shares
5. Multiple failed breakouts but solid consolidation
6. Potential Loan coming from the Federal Government to kick start Pharmaceutical Division
CATALYST: Short interest is between 18% - 24%.
I am long with two short term targets. $17 & $20. Not to mention, calls are super bullish for this month all the way through April. Hang tight and be patient.
KODK shorts are nervousI have been watching this for a while. Any time there is even the smallest positive news story the price spikes. Its worth keeping in eye on with an alert set above 14. If this thing gets any kind of positive news story it could double quickly. It has a high short float and is owned in the ARK 3D printing fund. I do not recommend trading this unless you are seasoned in trading volatile stocks and I definitely do not recommend buying calls on an initial spike as the premium can rip higher then drop like a rock. The best approach is to wait for a catalyst that causes the volume to increase and price to break out above 14 then look for price to hold the recent high and break out again. The entry would be at the break of the recent high.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Happy Trading!