This chart based off of The Elliot Wave Theory, Head/Shoulders, Fibonacci, MacD, RSI, Momentum, and resistance/support zones. KDA still has more downside to go. The height percentage of the head and shoulders is calling for a 80% retracement from the neckline. We have about 40% left to complete that retracement. Momentum and RSI are still calling for more downside as well. The next buy zone will around the $2 zone. If this area doesn’t hold, look to buy around the $1.60 zone.
Note
If you want to get crazy, place a buy order at 90 cents to catch a wick. (Unlikely)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.