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How about now? KGC gonna make a steady

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stocktrademan   Wednesday, 07/19/17 12:43:25 PM
Re: 2014shelby post# 1320
Post # of 1348 
Quote:
How about now? KGC gonna make a steady move back up over $5 especially if interest rates stay stable?



Looks good, I saw that there was hidden bullish divergence that says the price should be around $5.05 on 8/16/17. Additionally the chart has made a long term inverted head and shoudlers bottom pattern that says a price target at $5.40 also exists now.

The head and shoulders pattern is known as one of the most reliable and profitable, and it's worth to keep an eye out for it flipping through charts. The height of the pattern suggests where the price will go later.

For more information about head and shoulders and hidden divergence concepts just type them into a search engine to learn more.

There are also concepts of the measured move and the bull flag breakout that confirm the drawing lines. See if you can find them on your own and feel free to ask any questions.



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