The only reliable chart signal KAL is sending at the moment is a rock solid downtrend. Thats 10 trading days in a row that KAL has closed below its open. There is nothing on the chart that is suggesting anything other than that continuing for the short term. No triangles, rectangles, pennants - nothing, zero, nada.
I like the KAL story - not trying to downramp but the chart looks seriously ugly. Having said all that KAL will probably hit 19c tomorrow as the downtrend has to run out of steam somewhere :)
KAL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
