Howdy Traders!
In this quick chart reading, we will be looking at $KEY. A large support (white) and a resistance (orange) was created. As of now,
KEY
has broken through the top resistance (orange). The plan for this trade would be as follows. If
KEY
successfully rebounds at the orange resistance level, it may then be a great bullish push towards the $14.45 level. However, if it shows a weakening, and it falls right through the orange, then it may head towards $6.45. If
KEY
does break downwards, then it is important to know that there is buying support at the $9.00 to $9.25 area. Not only that, but
KEY
has an upcoming earnings report which could affect this plan.
Bona Fortuna!
In this quick chart reading, we will be looking at $KEY. A large support (white) and a resistance (orange) was created. As of now,
KEY
has broken through the top resistance (orange). The plan for this trade would be as follows. If
KEY
successfully rebounds at the orange resistance level, it may then be a great bullish push towards the $14.45 level. However, if it shows a weakening, and it falls right through the orange, then it may head towards $6.45. If
KEY
does break downwards, then it is important to know that there is buying support at the $9.00 to $9.25 area. Not only that, but
KEY
has an upcoming earnings report which could affect this plan. Bona Fortuna!