Potential bottom formation in Kahoot! We look to Buy at 17.60 (stop at 16.60)
We look to Buy at 17.60 (stop at 16.60)
Price action looks to be forming a bottom. In line with the possible early stages of a reverse head & shoulders pattern and the strong rejection of dips, we look to set longs in anticipation of a swing higher. A break of 18.00 is needed to confirm follow-through bullish momentum. The preferred trade is to buy on dips.
Our profit targets will be 19.60 and 21.00
Resistance: 18.00 / 20.00 / 28.64
Support: 16.75 / 15.00 / 12.50
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