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Tuesday, August 23, 2016 10:19:55 PM
Today's $KAYS.076-Marijuana-Breakout-Chart-Analysis
When a stock goes from less than 100,000 shares average volume to over 1 million volume, and soars... many times a NEW TREND has been identified.
Looking at the chart below, you can see that the continued 700% increases in revenues brought about by RECREATIONAL MARIJUANA SALES in the Kaya Shack Superstores, and the NEWS that they are working on 2 MORE NEW STORES, and project CASH FLOW POSITIVE after those stores open, has caused a great interest in $KAYS stock now. When you see that outstanding shares only increased by 1 million shares in a quarter, from 100 to 101 million shares, then you can see that this stock has the potential to run to $TRTC levels.
Link to today's NEWS...
http://finance.yahoo.com/news/cannabis-retailer-kaya-holdings-otcqb-131000984.html
Certainly those of us loading baskets of MMJ stocks for the Nov. election run for MMJ stocks will have $KAYS in that basket.
Back to the chart... First note that this is the highest close in 3 months, and look at the VOLUME spike... This is the POWER behind the breakout.. Next note ACCUM/DIST breakout... BULLISH - Then note the MACD crossover - BULLISH - Note the RSI at highest level in 3 months - BULLISH over 50, and finally note the SAR trend, below the chart, BULLISH!
Looks like this stock may move much higher now that fundamentals are in place!
When a stock goes from less than 100,000 shares average volume to over 1 million volume, and soars... many times a NEW TREND has been identified.
Looking at the chart below, you can see that the continued 700% increases in revenues brought about by RECREATIONAL MARIJUANA SALES in the Kaya Shack Superstores, and the NEWS that they are working on 2 MORE NEW STORES, and project CASH FLOW POSITIVE after those stores open, has caused a great interest in $KAYS stock now. When you see that outstanding shares only increased by 1 million shares in a quarter, from 100 to 101 million shares, then you can see that this stock has the potential to run to $TRTC levels.
Link to today's NEWS...
http://finance.yahoo.com/news/cannabis-retailer-kaya-holdings-otcqb-131000984.html
Certainly those of us loading baskets of MMJ stocks for the Nov. election run for MMJ stocks will have $KAYS in that basket.
Back to the chart... First note that this is the highest close in 3 months, and look at the VOLUME spike... This is the POWER behind the breakout.. Next note ACCUM/DIST breakout... BULLISH - Then note the MACD crossover - BULLISH - Note the RSI at highest level in 3 months - BULLISH over 50, and finally note the SAR trend, below the chart, BULLISH!
Looks like this stock may move much higher now that fundamentals are in place!
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