Traders are watching this Descending Triangle on KMI. Inspect the chart now.
Bearish continuation pattern.
Reversal pattern after a downtrend.
A clear signal has emerged for Kinder Morgan (KMI) on the daily chart. The stock is trading at $31.65, down 1.31% on the day. Algorithmically, a Double Bottom structure has completed. The trend indicator is reading 66.7/100, suggesting high momentum. A potential breakout level is identified at $34.73, targeting $38.1 with support near $33.05 (R:R 2.0).
What is your outlook on KMI?