$KMX Part B - Technical Analysis: The stock has been trading in an ascending channel since the beginning of the year. On 29.09.21, it reached an all-time high of $147.73 and encountered the resistance area of the ascending channel.
Afterward, the stock dropped 17% to the $122 area and stopped at the support line of the ascending channel. The stock is currently near its all-time high. If it breaks above the all-time high and the resistance line of the ascending channel, I will consider entering the stock.
If the stock does not break the resistance line, I anticipate a correction to the 136-134 support area.
Note: In recent days, an increase in trading volume has been observed.
MACD indicator - performing a crossover of the fast average over the slow average, signaling a positive trend.
AD indicator - smart money inflow has been observed in the last two days (turned green).
This is not a recommendation; it is personal opinion only. Anyone using this information does so at their own personal risk.