Chart, page-56

Morning all. After a restless sleep I thought I would post a chart which will hopefully demonstrate to all that you should ignore the background noise, the downrampers etc.

Whatever your trading strategy there is money to be made in KNL.

Take for example the last 12 month daily chart.

Green arrows indicate a potential buy signal, likewise red sell signal.

17/11/16: MACD bullish, above average volume, SP 17.0c
13/1/17: First of two above average bearish days and what would become 20.5c resistance, SP 20.5c (20% profit if selling at high)
2/3/17: MACD bullish crossover, 3rd consecutive day at 15.0c, above average volume, SP 15.0c
3/4/17: 20.5c resistance hit twice over the proceeding days, MACD bearish crossover, SP 19.0c (26% profit)
Rectangular box indicating the approximate period Tanz government announcements, risky period to be invested
4/9/17: Doji candlestick mid-point in trend. Potentially signalling 50% retrace towards 14.0c. Buy order placed at 14.0c just incase
12/9/17: Two consecutive days of above average volume, CBA announcement, MACD bullish crossover, SP 14.0c
26/9/17: Volume drops off signalling limited buying, exit close to resistance, SP 20.0c (42% profit)



Taking this into consideration you could have netted a healthy average trade profit of 44% over the past 12 months. Happy to have my money here and trade along the way. Have a great day all.