KRR Chart, page-52

OriginallypostedbyRMSC

Therearemanyindicatorsandstrategiesoutthere,thisissomebasicforanyonewhoisinterested.
KRRisinafallingwedgeandisatastrongresistancepoint.Ithasbeensittingunderthe55EMAforafewdaysnowandasyoucanseebythearrowsithasbeenrejectedatthesepoints.
Firstiwouldliketoseethepricefindsupportabovethe55,thenbreakoutofthewedgeandfindsupportabovethefib.Howeverthetopwedgeresistanceandthe.78Fibandthe55areallintersectingaroundthesamepointwhichcreatesstrongresistance.Iwouldanticipateapullbackbeforehavinganothercrack.Hopefullyawelltimedannouncementwillbringthevolumeneededtobreakout.

TAisaguidenotsetinstone,ifsomethingchangesyoudon'tcrybutadaptandreact.

Not bad chart setup RMSC.  One of many different layouts possible with most giving something in common to your conclusion.
55 EMA is not an indicator I use but interesting to see charted.

Charts are helpful and without manipulations, news event, wild card events and other outside influences can be surprisingly accurate but now days they is far to much of the afore mentioned influences for charting to be as accurate as years past. 

Currently we are seeing manipulation of the SP. Being held here on purpose. 

End of month comes a news event.          QUARTERLY REPORT.     yep it will move the market as it must do due to very good results coming back from tests and a defined direction we are moving along. The market is waiting for this report including the company financials.

Can anyone name ONE negative in the last 3 months???  Aside from the SS which we all know is being totally rehashed ??

TB has always put out very well documented Quarterly reports and this next one will be very interesting, laying out the ground work for the year.

RMSC your breakout is the Quarterly Report event on 30-31 Jan.

Yak52
ps. some logic applied here also -  Heretoinvest ! 

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