In a sharp reversal, KCS is now approaching the $14 resistance point and will likely break it soon provided Monday does not start in red for the market.
The indicators went into oversold conditions over the last week and now recovery is likely with at least a relief rally.
Should KCS manage to break above $14, the price will enter into its old range between $14 and $21.
The bias is mildly bullish on this chart, but watch out for Monday's price action.
Continuation is likely before any serious rejection by bears.
Keep a close eye on this chart.
Like and follow if you liked this analysis!
The indicators went into oversold conditions over the last week and now recovery is likely with at least a relief rally.
Should KCS manage to break above $14, the price will enter into its old range between $14 and $21.
The bias is mildly bullish on this chart, but watch out for Monday's price action.
Continuation is likely before any serious rejection by bears.
Keep a close eye on this chart.
Like and follow if you liked this analysis!
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