$KSS is poised for a drop on Earnings!

١٧ أغسطس ٢٠٢٢

KSS is at the peak of the regression channel, on a down trend, with two candles rejecting resistance levels. Money momentum is not only shifting out of KSS, but creating divergence on the 4hr time frame. Although our middle band shows us in a bull market momentum, we are on the verge of a complete breakdown. The catalyst will be the ER set to take place in a few days. The estimated EPS is 1.12, but my guess is that KSS hits lower. Regardless, the last four ER and dividends, KSS crashes. Get in early, at the top, and ride the inevitable movement lower!