Kinder Morgan issues a fresh sell signal, but the daily double bottom holds bears in check

Kinder Morgan Inc Class P enters its first week of a fresh sell signal, with the confirmation week still open and the outcome yet to be determined. The weekly structure is intermediate bearish and the IQS stands at 78 out of 100, in tension; on the daily chart, however, a double bottom is forming in the 31 area with an intermediate rebound of 13%. The quality band flags trading as not recommended: the stock operates nearly 30% above its 200-week moving average.