Repeating Channels

The chart segment shows KMX, is currently in a channel with tomorrow, as Fibonacci Day 13 from the October 14th lows.

All trendlines on the chart are exactly parallel.

We see at left, CarMax has repeated its current (trading) channel before.

If KMX, posts a new daily high tomorrow, it’s a perfect ’13’ (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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