July 22 Chart of the Day - Kohl's
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
You might not expect a retailer like Kohl’s (KSS) to pop up on a meme stock watchlist, but when it does, the chart still speaks a language of structure.
Trading was temporarily halted today as volume spiked and price surged—possibly signaling the end of a long grind lower. Price had been searching for support for quite some time and may have finally found it.
Beneath the hype, the move played out with technical discipline—and if you were watching closely, it offered opportunity.
Momentum may come from buzz, but execution still favors the technically prepared.
Today, we turn to the chart for a price action technical analysis perspective.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 550+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
On the monthly chart we can see that price seemingly found the bottom it had been in search of popping out of the $7 area up to $20 for a brief period earlier today.
Price quickly starting erasing those gains once trading resumed.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
On the weekly chart, we can see with much more clarity the strong bull pop back up into structure / resistance where it was firmly rejected back to the downside.
Technically speaking, it wouldn't be surprising to see price linger around in the $12 area before deciding on a more permanent direction.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
Because You Were Interested in today's FREE Chart of the Day...
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