Kinder Morgan – Inverse Head and Shoulders Reversal

By | February 26, 2016

The Kinder Morgan (KMI) collapse saw the stock price crash over 70% in the last 52 weeks. It was a stunning decline and it has been a difficult period for shareholders. If there is any good news it is that KMI has been attempting to form an inverse head and shoulders reversal basing pattern for the last three months, and has retaken its 50 day moving average and the pattern neckline.


The daily MacD is overlaid on a weekly histogram of the oscillator and is trending above the centerline on both timeframes. Money flow turned positive earlier this month and it looks like investors are seeing value at current levels. The bad news is that in order for the stock to retrace its 70% loss it will have to make a 245% gain off its low.

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