The PEAD projected a Bullish outlook for $KIM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
The PEAD projected a Bullish outlook for $KIM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
The PEAD projected a Bullish outlook for $KIM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 44.44%.
Kimco Realty is inches from triggering a fresh breakout buy. After consolidating for the last 4 months, price has tightened and the stock appears to have moved from weak hands to strong. The final shakeout on Sept 30 likely triggered the last wave of stop losses, and the path of least resistance is now long.
There is clear resistance near the $22 mark. Consider...
Haven't done any fundamental analysis on this however, if the fundamentals would align with the technicals, right now would be the time to enter short.
W Reversal Pattern formed at the weekly trendline.
20EMA BB2.5STD starting to top off.
NYSE:KIM is moving up nicely and currently flagging. Long the break out of the flag pattern to target 21.77$, stop at 17.3$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
The move down in March was a black swan, seems to be trading in a tight range and I think will eventually break to the upside in a month, or two, or three. I would feel comfortable buying on this support.
P/E 15.95 (Very good value for REIT exposure)
Market Cap 4.9B
Income 319.4M
Debt/Eq 1.19 (pretty high)
EPS this Y -21.6%
Sales Q/Q -1.8%
No Dividend
Gross Margin 70.6%
Profit Margin 29.2%
Short Float 3.68%
Descending Triangle Breakout
Low Volume Nodes create Support and Resistance
High Volume Node acts as consolidation area and as a possible breakout point
MACD indicates a bullish trend coming next and supports the breakout scenario
Write sometning about your psyhology thinking before trade? not so good
Describe the trade. What you see? trade within the channel
What have I done well for this trade? Enter point according to my rule was appropriate
What can I take away to help with later trades? do not trade strange channals
Notes on chart, this is my anticipation for consolidation before breaking out of main resistance line. may initiate small on 3rd consolidation, and initiate full on break. Stop would be resistance break or second consolidation low. Just my opinion
This 60m chart of KIM presents a short-term buying opportunity. The stock has broken through long-term trendline resistance and looks to be carving out an impulsive move higher. Initiating a long position at 16.50 for a ~10% move up toward 18. A move below 15 invalidates the setup.
The second rising wedge breakout in the strong downtrend. We have breakout retested from 50MA with nice engulfing signal and 200MA above the 50MA as confirmation of the strong downtrend.
The first target is 78.6% ($15.22) with main target near 100% at 6.41%.
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