Is KNL oversold at support?, page-15

Some people will tell you that stochastics are best for range/sideways bound trading. I'm more guerrilla with my TA in that I look for patterns with the indicator principles in mind, rather than applying rigid principles to each different stock. Different stocks have different tendencies and if you can find what works for you then you're all the better for it.

So you can read the details of stochastic indicators all over the internet but what I see when I look at the chart is reasonably straightforward. If you back-test the stochastic, it would have given you at least minor opportunities to go long and short and pick the peaks and troughs of the KNL weekly movements. A few pips up and down on a reliable stock can be very profitable.

Weekly charts are my favourite because they are short term enough to react quickly but long term/significant enough to be reliable and reduce the "noise".





But let's face it - the real story with KNL is the FA.

Edit note: Buy on the cross upwards, sell on the peak of the fast stochastic is the pattern I highlighted in the above.