AI
CKEI would belong to "Bottom" buster type play.
The standard stochastic settings (14) won't give you a good measure on where the bottom is. I use stochastic (21,10) in this case, it gives a clear view of the bottom. This stochatic indicator has been straight down since 02/21/2006. Stochastic (21,10) is below 10% level. 50CCI is right below 0, but can go above 0 quickly. RSI is below 30% too.
It is trading at 0.02, this is a support area, it has been bounced from 0.02 several times. If you look at the past trading pattern, one day huge jump in the near-term cannot be ruled out.
Also notice there is a negative divergence in the last run-up. The stochastic indicator was lower low, but the price was higher high. The price had to drop more to balance such a big divergence.
Resistence at 0.026 and 0.031.
The standard stochastic settings (14) won't give you a good measure on where the bottom is. I use stochastic (21,10) in this case, it gives a clear view of the bottom. This stochatic indicator has been straight down since 02/21/2006. Stochastic (21,10) is below 10% level. 50CCI is right below 0, but can go above 0 quickly. RSI is below 30% too.
It is trading at 0.02, this is a support area, it has been bounced from 0.02 several times. If you look at the past trading pattern, one day huge jump in the near-term cannot be ruled out.
Also notice there is a negative divergence in the last run-up. The stochastic indicator was lower low, but the price was higher high. The price had to drop more to balance such a big divergence.
Resistence at 0.026 and 0.031.
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