KRNT has broken down out of an up channel in white. Another channel can be drawn in red which will be the dominant channel for this analysis. It shows a rejection along the bottom of the white channel as price attempts to climb back in. I have tried to plot a cup and handle with the bars pattern tool.
Yo! so it broke! all my thoughts on the chart Dont forget abought the stochastics that shows overbought! GoodLuck, t347. NASDAQ:KRNT
Potential price drop: 10-25% Reward/Risk:2-3 Timeframe: 1-2 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage...