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