KFT TRADE SHORT

This is more of a gut trade although there are some 3C divergences, these larger component stocks can be tricky as they are traded to equalize EFTs which has little to do with institutional investment. It's the set up that I like.

 weekly chart-MACD and volume look bad. Without putting a channel on price, you can see it is rolling over. KFT is one of the stocks I mentioned in the videos that is simply underperforming the market.

60-min chart showing a recent bear-flag. I'd probably wait for the breakdown, although you could phase into the trade, the breakdown has a higher probability.  So say under $30.60 or so. From there, you could put a stop right above $31 and have very little risk per share.