Kadant (KAI) has maintained a clear upward trend, characterized by higher highs and higher lows. Throughout its bullish phase, the stock experienced periodic pullbacks between 20% and 30%.
After recently hitting its all-time highs, the stock is currently undergoing a retracement, approaching potential support zones.
Bullish Scenario
The first potential support levels are close to the current price:
Another possible support zone is POC 2 near $280, which could provide a significant base if the price continues to drop.
Bearish Scenario
For a bearish outlook, key levels to monitor include:
A breach of POC 2 ($280), indicating a potential continuation of the downtrend.
After recently hitting its all-time highs, the stock is currently undergoing a retracement, approaching potential support zones.
Bullish Scenario
The first potential support levels are close to the current price:
- SUP 1 around $304
- POC 1 around $320
Another possible support zone is POC 2 near $280, which could provide a significant base if the price continues to drop.
Bearish Scenario
For a bearish outlook, key levels to monitor include:
- A breakdown below POC 1 ($320)
- A trendline break (green line)
A breach of POC 2 ($280), indicating a potential continuation of the downtrend.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.