FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

October 11 Chart of the Day - Kosmos Energy

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Today's chart came as a request from one of our new Trade Room members with a question "is there anything you can do on this chart since it almost went to $0??)

When you first take a look at the monthly chart you can see that yes, it actually almost went to $0... We typically call this type of chart a "flat liner" and stay away from it.

But when you begin to add price action technical analysis tools and zoom in you can see that yes there are levels of interest in both directions for this chart for investors or traders to develop a trade plan (scroll down to see).

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.

  1. Support/Resistance
  2. Trend
  3. Fibonacci 
  4. Supply/Demand Zones,
  5. Change Control Zones

Take a look at the charts and let us know what you think.  

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