Thanks for your chart tinhat
I just joined the KZA club this morning based mainly off the chart, and I thought I'd share my observations here. Not making any predictions either.
I noticed you have put more emphasis on the short term slope support so thought I should point out the longer term slope support since May 2020 which crossed the mini SS in your chart, yesterdays trading appears to be a breakout from a pennant flag and a green close today would be confirmation and quite bullish IMO, a green candle on the weekly close even more so.
The squeeze is real and according to most recent data there are no short positions open on KZA, the margins for traders that are long for cheaper entry on a day trade are getting narrow.
Plenty of news flow expected with AACR conference just around the corner tells me that provided we don't have an overall market correction a breakout $1:50 is more likely than a break of the trend.
Long term major Support and Resistance levels can be seen on the monthly chart below, whilst KZA was a different kettle of fish back then don't expect the Algo's that run our markets to recognize that.
$1.78 and $2.40 are the next major targets
AIMO
