KNC is looking excellent here, after breaking the $1 level and holding it well, we are now well on our way to test new highs.
MACD on weekly shows very good momentum building up for new highs, I expect KNC to continue up for the next few months.
In terms of targets there are several and these depend on your tolerance and trading plan. Below a summary:
TP 1: $1.8 - This is a good conservative target, very likely to be hit without much concern.
TP 2: $2.7 - This is in line with the previous top, therefore if we pass $2 this is the next best target
TP 3: $5 / ATH - If the bull market continues well into early summer 2021, then KNC has all chances to reach it's old ATH of $5
Beyond that is anyone's guess, however, a target of $5 seems a bit difficult at this time to predict, so the first two look more realistic to me. We can update later.
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MACD on weekly shows very good momentum building up for new highs, I expect KNC to continue up for the next few months.
In terms of targets there are several and these depend on your tolerance and trading plan. Below a summary:
TP 1: $1.8 - This is a good conservative target, very likely to be hit without much concern.
TP 2: $2.7 - This is in line with the previous top, therefore if we pass $2 this is the next best target
TP 3: $5 / ATH - If the bull market continues well into early summer 2021, then KNC has all chances to reach it's old ATH of $5
Beyond that is anyone's guess, however, a target of $5 seems a bit difficult at this time to predict, so the first two look more realistic to me. We can update later.
Like and follow if you liked this idea!
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