Upside: - It appears over the period of several years a large cup is forming on the weekly chart. The left side of the cup is just above $30, leaving upside from the $24 current price. Downside: - Weekly volume is decreasing, notably this most recent week having very little volume (albeit a holiday week) suggesting buyers may be drying up - RSI is well above 70, a traditional signal of an overbought signal - OBV trend indicator appears to be lagging, concurring with the decreased volume despite significant price appreciation
Kratos is a defense contractor company specializing in unmanned aerial drones and other electronic services. The defense sector may be volatile with the upcoming democratic debates if the topic of defense spending is discussed. However, geopolitical events including unrest in the middle east (Iran) continues, defense companies may continue to run.
what a trade that would have been in 2019, like your chart , keep it simple and clear.
I will follow you now and like, hopefully you do the same.
I Look forward to your next chart.
follow_the_money
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@PennyStock101, Thank you! Look forward to sharing ideas and learning from each other!
DACapitalTrading
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Leave us a like as well mate, great content and setup :)
I will follow you now and like, hopefully you do the same.
I Look forward to your next chart.