KEY 0.00% 0.1¢ key petroleum limited

something wrong, page-12

  1. 1,734 Posts.
    Geezer, don't sweat, it's just closing that gap at 0.305 (although bounced off 0.315 so maybe not) and consolidating for the next run to around 0.74*. Bouncing off the 0.305 gap also works on the weekly chart (which is frankly a work of genius - note the last breakout formation). Giddyup!

    *I use phoenix charting software which has some great price/time targeting tools. The 0.74 is a price target calculated on the difference between the breakout low of 0.235 on 2 June and the high of 0.5 on 5 June - being a 0.265 rise - against a probable breakout of the consolidation pattern we're seeing now.

    Also looks like we're in for another 6 to 8 weeks of consolidation (based on a weekly chart count back of KEYs recent reversals - 8 to 11 weeks each move) before the next big push unless we get some great gobsmacking announcement in the meantime... which of course we are expecting.

 
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