kar weekly chart

On 15/2/13 (Post 9072414) KAR Weekly Chart information was...

..Looking at the weekly SP chart for KAR and in particular the Directional Movement Indicator combined with about 6 other indicators the SP is almost like a coiled spring ready to rocket higher. Last time these indicators were similar was 2009 when the SP went from something around $4.00 to near $12.00

Here's hoping history will repeat and the SP pushes to the point where the spring is sprung

As of 22/2/13 nothing much has changed except the Bollinger Bands are tightening and it still looks like "a coiled spring ready to rocket higher"

For those interested you can see the chart on the Ratings.Com.Au development site at;
http://www.ratings.com.au/index.php/home/charts
(Click on the thumbnail for the larger image)

The indicators are;
Red Circle: Direction Movement Indicator - Uptrend with strong potential to go much higher
Red Rectange: RSI, Stochastic, Williams%R - Continued up trend pressure
Green Arrows: MACD, Momentum - Bullish Uptrend
Blue Stars: Three indicators showing strong uptrend

With what is happening with COP, PetroChina and 2 wells being drilled with more to come KAR is poised to go higher. Shorts will need to cover their positions quickly which tends to magnify the SP increase at the time

Good Luck to all