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KAI Chart, page-77

  1. 306 Posts.
    Good morning everyone.
    About 8 hours I finally have a chart that makes me happy to present..
    Last night I must admit I was startled by the chart.. so a little shell shocked
    so to speak. This is becuase the triangle I had added to the chart seemed familiar.
    well, it was, it was he same triangle in nature as that of the one I charted on gold on Thursday
    night for Fridays breakout. So as you could imagine I needed to clarify in my mind why there
    was such a similarity.  The fundamental similarities where the pattern and both patterns where running in symmetrical triangles.. So in order to explore the price action and behaviour I endeavoured as i do to try and recreate a the KAI environment using the weekly chart. Therefore I had to ensure this environment has symmetry and was symmetrical in all axis planes to be able to truly understand what we were looking at here. Do I have a better understanding now, you bet i do.. So we can test this chart over the next 1-2 weeks an see how it fairs.. Look I am very confident we are going to hit some numbers here and this week and therefore i am bullish KAI. The numbers on the chart are what I get, the high may startle a few of you, good because i was also startled...lol Can we reach that high, well how long is a piece of string...  
    Take a good look at the nice tall green CS in 2011.. and picture something similar but taller to where price is now.. price has memory as it meets resistance more than once in any environment, so price in my opinion is now subjected to the amount of resistance that is required to get our KAI well off the ground...
    BOOM BOOM BOOM lets go KAI I SAY...
    I am bullish KAI but please DYOR and enjoy the chart
    GOOD LUCK to all and IMO our patience will be rewarded
    CS

    KAIweekly.png KAIweekly2.png
 
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Last trade - 15.48pm 18/11/2024 (20 minute delay) ?
KAI (ASX) Chart
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