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Monday, 26 February 2018

Kimbell Royalty Partners (NYSE: KRP): 26 February 2018, Monday, 12.47am Singapore Time


Kimbell Royalty Partners (NYSE: KRP):
26 February 2018, Monday, 12.47am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the technicals for Kimbell Royalty Partners (NYSE: KRP), an oil and gas company listed in the US Market of NYSE. After the IPO, the market decided to let Kimbell Royalty Partners go into further accumulation mode below $17.20. The accumulation phase is as illustrated on technical chart attached above. Kimbell Royalty Partners had broken up the accumulation resistance in January 2018 and had used the correction fear of February 2018 to backtest the double brown classical lines of supports to make confirmation for new long term uptrend, i.e. confirmation of long term rally was done using FEAR of February of 2018 which was the case worldwide for many stocks all across the board. As the new long term uptrend has been established using greatest fear, the stock can be expected to go up in 2018 and 2019.


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