KOGAN.COM LTD

With trend, fib pullback, buy support KGN

49
KGN had a strong impulse move with earnings.
It's tested the 66% fib 3 times and making HL, descending triangle.
50/50 on whether it BO or fails.

I almost took the trade on friday.

A higher probability trade is to wait for the BO and look for a pullback to PoC of triangle consolidation period.

An aggressive trade is to enter at support, and take a smaller loss or larger profit.
註釋
Lucky I didn't take the trade, would have been stopped out today with a push beyond 66% fib pullback.
Will watch for a long setup, eod chart looking better now.

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