Knowles ( KN-N , Monday’s close US$23.42) fell from US$32.71 in August 2014 to US$9.68 in February 2016 (A–B) while trading below its declining 40-week Moving Average (40wMA). Following a recovery rally in 2017 (C), the stock entered a multi-year consolidation phase, fluctuating mainly between US$12 and US$23 (dashed lines). The recent breakout above the upper boundary of this range suggests the beginning of a new uptrend toward higher prices (D). A sustained move above US$24 would confirm the breakout.

The stock’s strong advance from US$12.19 in April (near the lower end of the range) to its recent high of US$24.54 was steep. The subsequent pullback is healthy and offers a more attractive entry point given the upside potential. Only a sustained decline below US$19.50-20.00 would turn t

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