KIN Bioscience- accumulate and play bounce into 2020 MACD RSI MA

2020년 1월 1일

Hello team,

KIN has momentum going into 2020 - 1) biotech 2) biotech focused on pets and animals! 3) small cap - 330 million look for a double in a year or two or Aquisition. 4) chart hit a solid bottom in mid Nov 2019 with nice buying and selling action in a strong uptrend kissing and bouncing off the 20 day MA - also importantly this stock has spent very few days below 20 day MA in past couple months.

Technically it seems MACD and RSI will fall slightly to flush out the stock around -2 or -3 % by/on this Friday 3 Jan 2020 and keeping an eye on these indicators - I would load up on the stock from -1 to -2.5 % so from like $8.41 to $8.33 on Friday and play the bounce for the first real week of 2020 when volume comes back into the market. This could be a nice entry point for a multi month trade if KIN takes off or trade it for a week and take a plus %10 with chance that small cap stock skyrockets 20+ with biotech momentum from FDA etc... I would give up on the trade if the MACD and RSI fall below those levels and fail to show a clear turnaround by like Wednesday of the following week. also a stop loss at $8.28.

This looks like a nice gamble with roughly %3 max loss with upside of a highly probably +5% on bounce and a less probable 10% bounce and also a slight single digit chance the stock flexes for 20%+ as these well played biotech tend to do - especially lately

cheeeeers - I will be buying Thursday and Friday of this week if the stock is down -1% or the MACD and RSI show a clear reversal with positive gains in stock - then just hop in and play the trade for a longer period of time with by and hold. Just sell the stock higher