$KTOS descending triangle #bullish #breakout on daily #chart

6 בינו׳ 2020

KTOS stock price topped last summer in JUL'19 and after modest ER has dropped until around 17.40 where it found support
Since then the stock has been trading inside a beautiful descending triangle, until last week when it broke out on the back of the middle east tensions(we are talking about a security and defense stock after all)
Notice the big volume on the breakout and also the indicators MACD and RSI both supportive of further move up
Targets are :
T1 - intermediary top of the ascending triangle at 23.09
T2 - the measured move from the breakout of the triangle at 24.50

Good luck,
TA

19 ביולי 2020

עסקה סגורה: הגיע לסטופ

Stoped out
Company couldn't even benefit from the amount of gear required to handle the riots
TA