The first stock I’m going to analyze tonight KCHOL it will be.
In this share, which closed at 42.06 as of 19.04.2022,
MACD just cut the blue orange in the safe zone,
The volume bar of the last day is above average,
stochastic RSI When we look at it, it is prepared to take off from the bottom if it is above 80.00 in 4 hours,
The positive directional indicator is above the negative directional indicator and ADX our value is moving upwards from 27.00 level,
RSI according to the HO of 22 days in 4 hours, 66 days have just broken
According to the WT indicator, it is in hourly and 4-hourly AL, if it is daily, it is SAT,
In the light of this information, if we need to interpret our graph;
There is no need to stop as long as 39.92 is not broken for those who cost from the bottom and those who are in profit.
For short traders, 41.68 is strong support, with stops below 41.18.
There is 42.92 channel resistance in this stock, which I believe will be up as long as this figure remains above.
If 42.92 is broken voluminously and it is maintained above it, it will move to a new ascending channel, so the resistances to be followed after this stage are 44.58 – 46.96 fibo levels.
There are 49.76 – 54.60 – 56.26 – 58.64 fibo levels above 46.96.
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