KGN Charts, page-631

Agreed. I entered today at $17.50 after a double bottom at $17. On the 15 minute timeframe it broke the neckline and has then come back to test it as support. Just weary that it may be a bear flag. On the same timefame (15 minute), there is a noticable gap below at ~$16.50. This came up and filled the gap above at $18 nicely today before retracing. Have a tight stop loss in place on this one, but bouncing off strong horizontal support, the 200EMA and breaking the recent decline trend line were good enough for me. Furthermore (on the hourly) the RSI had an uptick and the MACD crossed over. Alot of positive indicators suggesting that today was worth the buy in. The Fib retracements on this were looking good as well. Risks - possible bear flag and that gap below.

Fundamentally, this is strong company with good growth.

From here on (in the short term) I'll monitor it to see if it stays in this channel and will continue to set a higher high, higher low.. It's not out of the woods just yet.