KC (Kingsoft Cloud Holdings) is showing a strong bullish reversal pattern on the weekly chart, breaking above the 20-week moving average for the first time in months with notable volume surge (16.13M). The breakout candle closed near the high of the week with a wide body, suggesting strength behind the move.
The MACD is beginning to curl upward from the oversold region, which could indicate a potential trend reversal forming.
🔹 Entry: $14.67
🔹 Target 1: $17.10 (previous resistance / upper Bollinger Band)
🔹 Target 2: $19.50 (gap-fill potential zone)
🔹 Stop Loss: $12.97 (below breakout candle low)
📌 Watch for follow-through next week. If KC maintains volume and holds above $13.50, the bullish setup remains valid.
The MACD is beginning to curl upward from the oversold region, which could indicate a potential trend reversal forming.
🔹 Entry: $14.67
🔹 Target 1: $17.10 (previous resistance / upper Bollinger Band)
🔹 Target 2: $19.50 (gap-fill potential zone)
🔹 Stop Loss: $12.97 (below breakout candle low)
📌 Watch for follow-through next week. If KC maintains volume and holds above $13.50, the bullish setup remains valid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.