Could not seem to find a T.A/Chart thread on KSS, so here it is,...

Could not seem to find a T.A/Chart thread on KSS, so here it is, for those interested...



The great entry opportunity from last year is visible on the weekly chart above, but I will stick to the present...

KSS has today broken-out of a 55 day Symmetrical Triangle on good volume. The measured target is 0.83 I am long
with a stop just below 0.640 for a 1:3 risk/reward ratio. Accidently only entered a half-position because I neglected to
update my spreadsheet calculator from my last trade (oh well...).
The Lighter blue, longer trend line, is what some might see as the neckline of a continuation type inverted H&S pattern,
which would carry a slightly higher measured target. I have taken that of the Symmetrical Triangle as the H&S pattern
is not ideal for a few reasons:
1.The neckline is not at the level of the Nov 2020 high (the best Continuation H&S usually don't have such a large
retracement before their formation.
2.The Neckline is slanted & also against the direction of the trade.
3. Lack of symmetry between the shoulders in terms of size and duration.
For these reasons I am wary of the validity of the pattern and have taken the lower target.
Would like to see a close 0.695.
GLTA