KITE

KITE bounced right in that 50/20 day moving average area and formed a bullish engulfing candle.  Is it setting up to take out the downtrend line above?

It's an explosive look.  Now we have some decent stakes in the ground to trade against in the 55s.  I'm long.  If it works the plan is to peel 1/3 into that resistance and move the protective stop to break-even and let this thing ride.

Trade 'em well!