I originally wrote this as a reply in another thread, but after...

I originally wrote this as a reply in another thread, but after writing it I thought it was a bit off topic, and I don't see another KAI charting chat thread. So here we are. I'll preface it by saying I am far from expert and I invite others with more experience to chime in, correct me, add information from any indicators, help where I'm correct, or otherwise.

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with now 25% of my capital in KAI, after numerous DCA-downs post mid-July, my DCA is 4.06c (blue horizontal line below)

after so long at the 3.6-3.8 line I'm quite happy to see steady sustained activity yesterday / today at over 4c

that said, on the below hourly chart I have observed a lower-highs pattern with a declining trend line showing three declining peaks, this trend line also intersects the point where the dead cat bounce occurred (by chance, possibly)





What does it mean? I can't answer that. If it was purely TA it might be said that another slump to 3.6-3.8 could be expected, and the next peak is a lower peak in line with the LH trend line. Fundamentals are hopeful especially with the DEG nearology of this week (probably what got us the 4c+) but unless we have our own confirmations I dont see the current TA being incorrect



For transparency, I'm a rookie who draws lines on charts and nothing more. And for disclosure, the vertical lines above are my buy points (I've been in-and-outa few times pre 2nd of July peak, but I've shown buys for my current position) -- I thought the dead cat bounce was the bottom and bought, and then where I bought at what appeared to be the bottom of a channel / trend line (but then the trend broke), and third was not on TA but was a buy that brought my DCA below the previous days close (seems like a good idea) although then the stock traded for two weeks below that point. Oh well