$KTOS bullish break of symmetrical triangle

2023년 11월 17일

Opportunity to go long KTOS on the breakout from the symmetrical triangle. First PT 19.01, which is one penny below the YTD high of 19.02. Second PT of 19.48 would take the stock to a new 2023 high. SL at 18.21.

2023년 11월 20일

노트

The trade has reached its PT1, so partial profits are a good idea. That said, I am long KTOS on a longer time frame and based on qualitative assessment, so I will continue to hold. But I am watching closely the response to the breach of the 3-yr VWMA. While that is a very obscure technical level, it has actually signaled support/resistance in the past.