chart - target price $1.48, page-13

Generally KZL has tracked the XJO daily over the past 12 months, with standard deviation either side of the mean.

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=KZL

As you can see in the chart KZL (link above) is underpeforming in comparison with XJO and I agree with your comment on that point major.

Triple bottom patterns are found at the end of downtrends where price makes three attempts at a new low. You're right to point out this occured over a short-time frame. What is written in the text-books (being over a long-time frame) isn't alway right.

Here is an example from KZL charts to prove this: Take KZL in June 2009 - July 2009 when the price shot from 65s to 1.18 - I've highlighted the 3 low points, the high point and dates. This concludes that the same pattern does work in a short-time frame:

Triple Bottom - 3 attempts at low
- June 23rd 2009 (0.65c)
- Jul 01 2009 (0.67c)
- Jul 14 2009 (66c)

Target 1.18c (high point)
Reached on Aug 3 - 1.18c

Hope the above is clear.