[Premium] Trade Of The Week

JC Parets
February 2, 2023

This week we're looking into Capital Goods sector stocks.

KEI Industries has been making an appearance in various scans when it comes to strength in the market. While the trend in the broader market is highly volatile, there are certain stocks that are displaying a clear direction of the trend and momentum, and we're going to focus on them.
KEI Industries has been consolidating for over four months, but now it's showing strength with a new all-time high on an absolute and relative basis.
The fact that the price is holding above the key Fibonacci level is definitely a good sign. All these factors add to the strength of KEI.

We are bullish above the risk management level of 1,400, with a target close to 1,930.

Click on the chart to zoom in.

  Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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