KIO is approaching multi-year lows and, as per the yesterday's end of day model, traders should wait until the downward momentum starts slowing before buying, alternatively, look to phase into a position. Note, as per the daily chart, the share is nearing multi-month swing lows which could be a level of interest for traders looking to take advantage of a swing long.
NB: You could also consider waiting until we see an improvement in the candle structure.
Reading via: Tactical Trading Guide (TTG)
Lester Davids
Analyst: Unum Capital
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