Short Term Trading Week Starting: 01 Aug, page-81

  1. 3,063 Posts.
    lightbulb Created with Sketch. 115
    If you can find some comfrey and plantain salve, get that straight onto it. Its magic.
    Hi Jase12,
    been watching kgn for a while.
    My take at the moment is that,
    1, it has to much overhead resistance from the 25/2 till 05/4 I believe this low vol are indicates distribution vol. Note how they let it look like it was going to run up but each little attempt was stopped creating a bear flag type of pattern.
    2. there is a lot of weakness in the background eg from 5/4 all the way down to 10/5
    3.it hasn't got enough vol or momentum to push it up through that overhead resistance at this stage.
    and 4. I believe that run up and correction from the 28/7 till the 01/8 was a pump and dump. You can tell by the inside day and the vol and the closing price on the 01/8
    Will be interesting so see it pan out.
    Just my opinion of course,
    Good luck with it.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.