KTD 2.86% 18.0¢ keytone dairy corporation limited

KTD chart, page-840

  1. 562 Posts.
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    For volume to increase the price has to be appealing for the buyer, the low volume indicates it is not and more so small buyers on to ride the wave up.


    It's ignorant to think sellers only sell on fear, money stuck trading sideways is worse then loosing money with so many opportunities elsewhere. 


    If you take into account chart traders, they're not looking at potential in 6-12 months time though I'd say the factory completion would be more of a sell off then a buy as is common with ASX stocks (buy the rumour sell the news)


    the shooting star formation on the last candle would be a exit signal for chart traders, coupled with that bounce of the upper Bollinger band I'm confident this will come down to at least 44-45 if not lower. 





 
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