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KMT divergence on descending channel false breakout

Short
Kennametal Inc. (NYSE:KMT)  
zukedu  
NYSE:KMT   Kennametal Inc.
Trend Analysis Chart Patterns Technical Indicators Descending Channel Divergence falsebreakout
6
0
trendanalysis chartpattern indicator descendingchannel divergence falsebreakout
Pros:
- Force Index making lower highs when prices are reaching higher highs.
- MACD bullish divergence
- SMA 200 bounce

Cons:
- Stock started to make higher lows. (More bullish)

Trade Grade: 6/8
- Profit potential: Average 1
- Divergence: Good 2
- Candle signal: Good 2
- Emtry timing: Average 1
- Counter trend trade?: No (0)
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