Trendline Trading Tell Stories
I want to share with you another TREND LINE trade I have my eyes on. Ticker KEY - Keyera Corp.
I cant help but admire what I see here from a technical standpoint. I'm liking the current price point here as we may, AFTER 2 previous attempts, see a break through the upper ascending trend line. We have support of higher highs and higher lows. Also not extended and has technically held nicely the 200 EMA.
Here is what will be my intended move; If we see this today or over the next few consolidation days break through with volume and commitment, I will place an order for a retest of where it breaks. Perhaps in that 27.60 zone. (The once ceiling now becomes the floor)
LOTS OF ROOM ABOVE to grow. See to the the left, possible price points to off load.
Now, should this stock pierce the upper ascending trend line and fail to hold, I will keep a tight leash on it.
Comments and opinions greatly appreciated.
I cant help but admire what I see here from a technical standpoint. I'm liking the current price point here as we may, AFTER 2 previous attempts, see a break through the upper ascending trend line. We have support of higher highs and higher lows. Also not extended and has technically held nicely the 200 EMA.
Here is what will be my intended move; If we see this today or over the next few consolidation days break through with volume and commitment, I will place an order for a retest of where it breaks. Perhaps in that 27.60 zone. (The once ceiling now becomes the floor)
LOTS OF ROOM ABOVE to grow. See to the the left, possible price points to off load.
Now, should this stock pierce the upper ascending trend line and fail to hold, I will keep a tight leash on it.
Comments and opinions greatly appreciated.
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