KDY 0.00% 2.7¢ kaddy limited

DW8 Chart, page-12

  1. 1,600 Posts.
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    sideways drift out of the overall declining wegde has continued. There has been no convincing breakout. I left the resistance line of the declining wedge to give historical context against earlier charts, but it should be redrawn across the top of the last few weeks which would show a downward channel with no convergence - this is a signal to bulls that it is less likely to converge then break out.

    A 3rd pennant has formed at the moment and is getting to the pointy end.

    The next sales/customer acquisition focused company update better be very very positive. Or Dean will have to buy more shares on market.

    12.5c if it breaks up.

    8.0c if it breaks down.

    https://hotcopper.com.au/data/attachments/3230/3230599-768670d7947a3369c4adde39781eb06d.jpg
 
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