Re: KKD ... In looking at a weekly chart for KKD, I see that price is in the price resistance zone. Last May price approached this $12 price range and then pulled back.
The thing that concerns me about another test of that price range is that the buying volume was much more intense last February through May than it has been during this past October through January. I'm concerned that the lack of buying interest this time around may indicate KKD is due for another correction, or at least another round of consolidation.
If I had a position in KKD and it was showing a decent profit, I might consider selling part of the position and lock those profits in, keeping part of the position to benefit just in case KKD does decide to continue higher. This way I'd be able to manage risk against a pull back yet still benefit if price continues higher.
I would consider buying back or taking a position if price breaks out to a new high on above average volume, or wait until a correction takes price back to the supporting moving averages.
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