TUE 1/6: KNSA – BUYING/ADDING (1/3) @ $42.98

3:44 PM – Buying back into KNSA this afternoon ahead of the close. Shares posted bullish price action today, gaining +3.9% off their 50 DMA support, while volume expanded to roughly +160% of average, signaling conviction behind the move.

BUY SIGNALS:
12/22 (1/3) @ $43.86
12/22 (1/3) @ $44.03
1/6 (1/3) @ $42.98

NEW COST BASIS: $43.62

ULTRA Trader’s Tip: Respect the 50 DMA Bounce

  • The 50 DMA is a key institutional support level — strong reactions from it matter.

  • Gains off support with heavy volume often signal renewed accumulation.

  • Buying strength from support, not weakness into it, keeps probabilities in your favor.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.