KnowBe4 is told to retrace 50%!Market is finishing flag pattern we are waiting for a retracement back to 50% fib zone at least.
Aroon: It already shows on a daily timeframe a loss of bearish momentum because it's bouncing off of a support, that's shows reverse to a bullish direction
MACD: Shows gain in a bullish momentum, it is slower to catch up so we can already entry.
Bollinger band: we already jumped off of a bottom of Bollinger band and retraced we should see rise in price.
Fundamental analysis: According to Goldman Sachs KnowBe4 is one of the beaten down stocks that may retrace 50% other two stocks already shown gain unlike this one, so we have a potential rise in price.
Also Essex gives gives this stock a buy rating and 32$ price target until the next year.
Invalidation: 16.46
Entry: 19
Target: 23.90
