SOMETHING IS BROKEN IN THE INSURANCE SECTOR. WATCH $IAK $KIE

2022年7月2日

Something is broken in the Insurance sector.
Is there insurance for insurance?
Trading is like Sherlock Holmes, sniffing for clues. And this is what we found!



IAK

- volume surged since 21st May 2022
- POC level seen at the peak of the chart seems like smart money has been distributing at the top
- bearish momentum divergence / momentum broke below neckline





KIE

- like IAK, seems like the smart money haven been distributing at the peak ( stage 3 )
- price rejected upward trendline
- price retest neckline at the moment
- bearish momentum divergence




"the difference between good and great is attention to detail"



Cheers and happy trading!