Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:hisah 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 @karasinga, the chart will need a review. If the price closes below 5.50 this week, the reversal will be in progress.
The no bid scenario reminds me of the banking rate cap shock event. Market makers are busy here. Huge sell orders but a trickle getting sold  Good observation mate. As at 1430hrs, 12th june, only about 81300 shares had changed hands while KQ entered both the golden zone and the zone of interest...!?!? Technically, A close <5.3 will change the whole picture to thisBe careful what the lying MMs tell you! You see, they will come right up to you, as boldly as they please, and with a straight face they will tell you the ducks are back in town, down the street at the dance hall, out dancing on the floor. But, it is a lie. They are just trying to deceive you out of your duck blind, so you won't shoot them and watch them fall from the sky! Hope this makes sense. watching with great interest. Officially bearish until higher time frame demand zone but not without retracements here and there. like one is on the verge of happening It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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