KNX breakout ahead? Keep watching!

As we can clearly see, Price is forming higher lows, and lower highs.

In the past ( look in the H4 chart) you can see the same patterns. Sometimes price dropped a little under the support, and then rocketed away.

So my prediction is, around mid/end next week (9.-11. Aug) this stock should take off.

Check back!

Good trades, better profits!

Komentarz:

Here we have our entry, I will wait for the next two candles, if they stay over the red line, I have my personal entry.

There is an other resistance at around 38.02, keep that in mind! If price accelerates towards that, be prepared to take profits, or for the price the break that resistance. Just be there if you can. If you cant, work with a tight SL

Good luck!