KDR Chart, page-332

First 332 Last

Share
Profile

Follow
aussiewebking

2,626 Posts.

26

09/08/16

12:43

Post #: 18476185
Share

Originally posted by Freehold ↑

Looks like the trading above leading edge of the flag (@ 33c) was a 1st test/probe only (...so far at least). Not a confirmed "break out" as yet... as would need to see a significant uptick in volume. There was some small volume increase looking at the hourly but not what I would call "significant and sustained increase" to get us through resistance at 33c.

You need think of volume in terms of "power" and price movement as speed or velocity... think of a car travelling uphill against gravity and the volume being the amount of pressure needed on the accelerator peddle needed to get over a hill. Too little accelerator pressure and the car will come to a halt or may even roll backwards some... Sustained pressure is required to crest the hill ( "the hill" being synonymous with key resistance points).

So once at top of hill (ie, a breakthrough of a resistance area has been achieved) and assuming no let up in volume/power (continued accelerator pressure) then this leads to a sharp increase in velocity/speed (or quick spike in price) ... until the next hill/resistance area is reached.

So what happen this morning was someone/or group dabbed the accelerator peddle and then took foot off...testing the gradient of the hillock.

IMHO... of course

Expand

i like you analogy there freehold about the momentum needed to get up the hill

infact the mathematics are very similar

and once she is on the otherside woosh... off she goes

Last edited by aussiewebking: 09/08/16

KDR Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels