THE KOG REPORT - Update

20 Jan

End of day update from us here at KOG:

A nice start to the week with price attacking the red box, giving the RIP and long trade back into the red box which is where we started to see a whole day of ranging. We're at a crucial price point now with MA's drawing together and accumulation in progress so please play caution here. We would ideally like to see another swoop of the low before an attempt higher, however, if they break above overnight we're likely to go up without another pullback.

The difficulty here is this small range so unless you're already long from below, it's probably not a great idea to start trading within the accumulation and range. Let's wait for the breakout, which looks to be imminent.

As always, trade safe.

KOG

21 Jan

Trading ditutup: target tercapai

KOG REPORT target reached