Traders are watching this Rectangle on KMI. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Consolidation. Can break either way.
KMI is showing interesting structural developments at $31.59. The stock is trading at $31.59, up 0.83% on the day. The primary technical feature is a Bearish Flag formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $30.82, targeting $26.46 with support near $32.24 (R:R 3.07).
What is your outlook on KMI?