KCS has seen some very strong bearish price action over the last couple of days, losing almost 40% of its value at some point.
Massive sell-offs like these do often provide interesting opportunities to "buy the dip" and ride the recovery. With the stock market and BTC seeing bullish price action today, I doubt that we're going to see another steep drop in the near future.
For KCS, the first recovery target would be the mid-line of the W, around $23.5. In case of a strong move above that area, I'm looking at the ATH value of $28.7 for a potential exit.
Happy trading!
Massive sell-offs like these do often provide interesting opportunities to "buy the dip" and ride the recovery. With the stock market and BTC seeing bullish price action today, I doubt that we're going to see another steep drop in the near future.
For KCS, the first recovery target would be the mid-line of the W, around $23.5. In case of a strong move above that area, I'm looking at the ATH value of $28.7 for a potential exit.
Happy trading!
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