Kratos | Bullish correction

KTOS has had a huge run lately and sometimes its good to ring the register. To watch for future defense contracts for Kratos, check out this site.

Technicals:

• Pattern suggests KTOS has ran its 5-wave sequence.
  
• Rising wedge suggests a pullback incoming
  
• upside potential $26. watch for sharp selloff if this is the case.
  
• on a pullback, support levels I will be watching are $22->$20->then $18 (look at chart for measured levels to the cent)
  
• Fibonacci extension usually extends between 1.27 -- 1.414 from lows. We are there NOW.
  

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Tip # 4: Wait for patterns to come to you. Be patient, you cant move market on your own.

-Volatility Watch



Disclosure: I do not own a position in KTOS. This is not a recommendation to buy or sell. Please do your homework before investing