KSS - Gap Holding Back Kohls

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KSS had a gap down on earnings on May 21st. This is the third time price has gotten near or tested the gap resistance level & it has been rejected each time. Price seems to be falling from this level again as it sits in an overbought condition. It provides a short opportunity with a couple of Fibonacci Extension levels provided with the dashed green lines.
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Short trade should have been closed back on November 1st as price found some strength as it neared the initial price target.
FibonacciFibonacci ExtensiongapdownKSSoverboughtRectangleresistancerejectionSupport and Resistance
Chartimistic

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