Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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Metasploit wrote:Metasploit wrote:Metasploit wrote:karasinga wrote:karasinga wrote:mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:@karasinga please post any developments on KQ chart.
thanks Hello Mkate_nusu KQ is at a strategic place("on the run way") on the chart indicating sky is the limit. Technical reasons. 1. Price in the Golden zone 2. Price has just reacted on a very strong demand zone.(check my chart) 3. Presence of a hidden divergence- denoting continuation on the prior rally 4. Very little volume during the correction. 5. Low of 4.6 might have achieved wave 2. The list goes on and on. Enough of this... let us look at the chart  expectationIf this is wave 2 then Wave 3 = either 1.62 x length of Wave 1 (10.4)or 2.62 x length of Wave 1 (14.8)or 4.25 x length of Wave 1 (22)The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an extended wave, then 2.62 and 4.25 ratios are more common. Hope this is helpful. best wishes. DISCLAIMER
This analysis is designed to inform you on the counter's direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis Price has started respecting your chart  Let's watch out for the 10.4 target going forward  let us see how market dance. I won't be surprised if I see KQ spike from weekly demand zone. If that does not happen we enjoy the flight. One of the fundamental truth about trading is, "Anything can happen". best wishes This is a typical example of how aeroplanes take off. can see 10.4 beckoning sooner than I thought. 6.2-6.5 has to be defeated squarely..This is a tough resistance 5.8-5.9 has formed a support Historic price volume behaviour on KQ has been constricting bollinger bands and price breakouts @Karasinga..Your move up is in the offing although 10.4 target IMHO might be ambitious for now..Bands constricting.Price above 20 and 50 day MA  @ metasploit. Thanks for your comment on Kq. If I may, I agree bollinger are constricting, others call it squeeze. My little knowledge with squeeze is it signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility(hopefully bullish in our case to reach our target) and possible trading opportunities. The problem is, by just relying on the bands, they give no indication when the change may take place or which direction price could move. let's watch for presence of technical reasons contrary to our position and act accordingly. 10.4- at least we have an expectation. By the way, did I see your MACD point north...? best wishes It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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