Chart of the Day: Kohls

So this morning I was trying to go through my watch lists to try to find something that popped out to me.  Chart after chart I couldn't really find anything.  The thought came to me go look at Kohls.  It is a favorite stock of mine that I have not looked at for a little while.  When pull up the chart low and behold it had something that really got my attention.

I like patterns and KSS has a very identifiable pattern.  In the chart if you notice that when KSS trades down to 42 it bounces off support, but it is when the stock gets to 45 it generally has a 1 to 2 month run up to 50 and all the indicators line up in a bullish way like they did the previous 2 times KSS was at this price point



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Happy Trading
Brice