KRNT - Up Channel RetestKRNT has broken down out of an up channel in white.
Another channel can be drawn in red which will be the dominant channel for this analysis.
It shows a rejection along the bottom of the white channel as price attempts to climb back in.
I have tried to plot a cup and handle with the bars pattern tool.
KRNT
Short opportunity Potential price drop: 10-25%
Reward/Risk:2-3
Timeframe: 1-2 months
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This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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