Knowles Corp (NYSE: KN)

Knowles Corporation designs, manufactures, and sells products and components to the mobile communications, consumer electronics, medical technology, telecommunications infrastructure, military, aerospace, and industrial markets worldwide. The Mobile Consumer Electronics segment designs and manufactures acoustic products, including microphones, speakers, receivers, and integrated modules for the handset, tablet, and other consumer electronic markets. The Specialty Components segment designs and manufactures electronic components used in medical and life science applications; and solutions and components used in communications infrastructure and various other markets.
Take a look at the 1-year chart of Sanderson (NYSE: KN) below with my added notations:

KN has formed a key support level at $18.00 (green) over the past 9 months. Although the stock has dipped below that level a few times, it always rallies back up to hold that mark. In addition, the stock is declining against a short-term, down trending resistance level (red). These two levels combined had KN stuck within a common chart pattern known as a descending triangle. Eventually, the stock will have to break one of those two levels.

The Tale of the Tape: KN is sitting at its triangle support. A short trade could be made on a break of support or on a rally up to resistance. A long trade could be made at support or on a break through the triangle resistance.
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