$KPTI 4hr MACD/RSI HBD Daily MACD HBD at support

This one was brought to my attention by California Hip Hop Rap Underrated during ChampionVibe's Livestream a few days ago. I see this withing a channel while maybe looking left it could also look like a ascending broadening wedge which should be taken into account. Risk management is easy here and there is an edge for the bulls on the osciliators so I will play this in the short term for a 3 R/R. Marked on chart. If the momentum continues it could test the 200MA and if it breaks the 200ma I would target the top of the channel.

Trade closed: target reached