Hi everyone,
Just wanted to share a new trade I’ve taken on KGC.
The stock recently reacted from the weekly 10 EMA, and on the daily timeframe, it formed a descending wedge followed by a breakout. After that, it created a bullish flag which also broke out — this time with volume behind the move. These are solid confluences, and that's why I believe KGC has growth potential.
I’ve taken the trade and will now let the market play out while managing the position according to my rules.
Always stick to your strategy and trading plan.
Let me know your thoughts — would love to hear how you see it!
Just wanted to share a new trade I’ve taken on KGC.
The stock recently reacted from the weekly 10 EMA, and on the daily timeframe, it formed a descending wedge followed by a breakout. After that, it created a bullish flag which also broke out — this time with volume behind the move. These are solid confluences, and that's why I believe KGC has growth potential.
I’ve taken the trade and will now let the market play out while managing the position according to my rules.
Always stick to your strategy and trading plan.
Let me know your thoughts — would love to hear how you see it!
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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.
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.