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SWING IDEA - KELLTON TECH SOLUTIONS

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Kellton Tech, a global IT services and digital transformation solutions provider, is showing technical signals that suggest a promising swing trading opportunity.

Reasons are listed below :

Attempt to Break Cup and Handle Pattern: The price is attempting to break out of a classic cup and handle pattern, which is a bullish continuation pattern indicating potential for further upward movement.
115-125 Resistance Zone: The 115-125 level has been a significant resistance zone, tested multiple times. The price is now trying to break through this level, suggesting strong bullish momentum.
Bullish Marubozu Candle on Weekly Timeframe: The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
Increase in Volumes: A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Support at 50 EMA on Weekly Timeframe: The stock took support at the 50-week exponential moving average (EMA) and is now bouncing back, reinforcing the overall bullish sentiment and providing a strong support level.
Higher Highs: The stock is consistently making higher highs, indicating a strong upward trend.

Target - 155 // 170 // 185
Stoploss - weekly close below 97

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@visionary.growth.insights

評論

made a high of 25%+ in 2 days

交易結束：目標達成

1st target achieved : 41%++

評論

2nd target achieved : 60%++
we are very close to our 3rd target

評論

we achieved our 2nd target and price has now retraced a bit, hold for 3rd target

評論

another fast move can be captured above 170

評論

all time high weekly close, hold!