Kuehne&nagel Int Unsp/adr had a nice pop today and is currently up 3.58% we'll see if the cash keeps flowing in. It looks like KHNGY may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line KHNGY is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. The company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price breaks through the resistance level it will probably move up to the $49.33 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $43.4 level, hard to say where it will go from there though.
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