KTD chart, page-888

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unname101

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09/11/18

12:36

Post #: 36447507
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Originally posted by pipninja ↑

Originally posted by Ashfield
I think others have explained to you this but since you are so active and interested in the dynamics of the stock it would be nice to meet you pinninja at the AGM where you might be able to lend your talented financial skills to management
haha i think you need a little more clarification then i do, I only pointed out my concerns though it really doesn't impact my trading other then moving KTD from a potential mid term hold to short term only
Originally posted by unname101
today close price will be decisive to define upcoming trend. Look promising so far!

I am no doubt about KTD fundamentals, just talking about TA perspective.

I tend to analyze TA to occupy my time during the long-run
Care you share a chart? I read someone else say that KTD is still in a potential down trend, though I don't see it.
Previous down trend was broken on the 5th, I personally thought it would drop again after hitting that upper bollinger band on the 7th, the spike in volume yesterday confirmed that it wasn't coming back down but rather moving up very fast (hence my decision to buy, I closed out my position prior to close anticipating a dip today)

So far, it is a lower high then previous (anticipated) but yet to make a lower low, so while there still is a possibility of a completely new down trend for the time being my position is it currently maintains its uptrend.

0.51 is one support point (soft - two closes), breaks this then next is 0.47 (stronger 4 closes)

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Sorry I am not on my desk at the moment. still at work.

I have previously mentioned to you about your concern, I appreciate it but recommended to resume this talk around this time next year.

TA speaking
1st support is 50
2nd support is 47.5

Importantly, it needs to hold above 50 today (which I think it will IMHO).
If it does, very high chance the above gap will be filled next week.

KTD Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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KTD chart, page-888

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