KRDMD common stock has spiked 2.21% in the first hour of the morning session. Both the Jan 2020 and common stock are overextended via bollinger. Hence a retracement is likely. Am short JAN 2020 futures contract.
Now the price is going in a triangle with downtrend. Downtrend started on 20/6 and still working, support line is on 2,23. It has been tested 4-5 times but couldn't break the support. When we look at the indicators;
1- RSI broke the support on 3rd try. It may continue to 30's,
2- Parabolic SAR started to show that price will continue to go down,
3- Moving...
After Strong sell off wave in Istanbul Stock Exchange,Krdmd finally managed to gain strength again..Along with Bollinger Band Squeeze
formation,Krdmd closed above BB upper band ...This may be good news for the Bulls
On the other hand ,Stock closed above TL/2.01-2.18 rectangle area...That's the second positive technical formation...If it moves up as...
