KDY 0.00% 2.7¢ kaddy limited

Obviously we're at the pointy end of the wedge. Using volume as...

  1. 380 Posts.
    lightbulb Created with Sketch. 323
    https://hotcopper.com.au/data/attachments/3895/3895806-70fb0c949122b33cc070e4fcde063417.jpg
    Obviously we're at the pointy end of the wedge. Using volume as an indicator- SP has been falling on falling volume- which is typically a sign of a coming reversal. Decent confluence at this point ( just as it was at the end of the previous wedge) for a reversal- if the price is to break out of the top of the wedge. + looking at the gap at 0.065 that is just screaming to be filled.

    If you were to trade this, I'd either look for the retest at 0.047/0.048 if the break is weak, or at those prices if the break is strong ignoring a retest.

    Resolving downwards, I'd call .044 as a bottom, not sure where it would go were it to fall beneath.
 
watchlist Created with Sketch. Add KDY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.