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Mr Delta, Someone is watching your charts , there's a 300,000...

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HiHoAg

288 Posts.

22/11/17

13:01

Post #: 29018822
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Originally posted by mr_delta ↑

that C&H breakout worked quite as expected - in fact a text book breakout and target of 34.5c reached ( expected 35c)...

been watching the low volume retrace from the 34.5c ==>30c and that brings me to another VERY VERY INTERESTING formation in place here...

posting two charts and two Fibonacci retracements and extensions here for a proper understanding and explanation of why I think 42c is now in play here - YES 42c target this side of November ...

Leg 1 of this
View attachment 832685

View attachment 832691

so the calculation for LEG 1 is as under:

26/10 - 25.5c LOW
02/11 - 30c HIGH
07/11 - 27c retrace to 61.8% fib level ==> this gave target of 34.28~34.5c
13/11 - 34.5c 161.8% Fib extension reached
=========================================================

This brings into LEG 2 of this movement on which I base my 42c target now...

View attachment 832700

View attachment 832703

Calculation of Leg -2 is as under:

07/11 - 27c LOW
13/11 - 34.5c HIGH
15/11 - 30c retrace to 61.8% Fib level of 29.865 ~ 30c
XX/11- 42.135 ~ 42c target at 161.8% Fib extension as per previous target of 34.5c

Hope this explains my train of thought... I have seen this play out very well in the past and have been putting them on HC in the past... (did it for AAR - another goldie from 2c ==> 8c recently and that worked to perfection)...

let us see if the 42c target is reached - imo before the end of Nov 2017... let us see if this is true...

as always, comments welcome and of course, no financial advice given... please dyor...

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Mr Delta,
Someone is watching your charts , there's a 300,000 sell order appeared at 42c since this post , but
any roadblock can be knocked down in a rush .

KIN Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change 0.002(3.70%)		Mkt cap ! $91.69M

Open	High	Low	Value	Volume
5.5¢	5.7¢	5.5¢	$25.27K	453.6K

Buyers (Bids)

No.	Vol.	Price($)
1	167506	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	457400	1

View Market Depth

No.	Vol.	Price($)
1	167506	0.056
3	231246	0.055
2	300000	0.054
1	75000	0.053
2	51461	0.052

Price($)	Vol.	No.
0.057	457400	1
0.058	87273	3
0.059	278969	5
0.060	1014599	5
0.061	19231	1

Last trade - 16.10pm 11/10/2024 (20 minute delay)

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Mr Delta, Someone is watching your charts , there's a 300,000...

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Mr Delta, Someone is watching your charts , there's a 300,000...

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