Declaring a triple/double bottom etc. over a short period is a common mistake made by the millions of so called tech analysts.
What Dan has claimed, ocurred in a space of less than 1 month and should not be considered a triple bottom because of the short timeframe. A short timeframe in the market doesn't warrant any creditable prediction whether it be tech analysis or from a fundamental perspective.
In the same period that Dan has used to determine a triple bottom for KZL, the XAO has actually moved upwards significantly while KZL has tracked sideways. So if any conclusion can be made from that period, it's that a lack of positive sentiment surrounded KZL(or it's sector)in comparison to the rest of the market, and therefore, predicting a substatial rise of about 75-80% to $1.48 from there is unfounded and incorrect BASED ON THE ACTIVITY AND THE TIMEFRAME USED to predict the rise.
- Forums
- ASX - By Stock
- KZL
- chart - target price $1.48
chart - target price $1.48, page-12
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online