Since KLDX has more often than not shown up in one or both of my portfolios, and since I think it is a quality miner, I thought I would note its interesting technical status in an informal NFTRH+ update.
Very simply, KLDX broke its downtrend in January and then tested the 50 day moving average, putting in what looks like a right side shoulder to an Inverted Head & Shoulders pattern. In breaking above the neckline 2 days ago and testing it yesterday it is establishing a measured objective of 6.80. MACD and RSI both look good. A move below 5.40 to 5.30 would undo this setup. But as it stands now, the measured target is active.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for further research if interested. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.