Koil Energy Solutions Inc. (KLNG)

[sleektrader]

Maybe someone can help me out here.

Looking at the chart....

Dec 2006 overbought then drops back down below .20 From there a slow rise up to around .80 in Sept. At that point, for whatever reason we saw the spike above $2 and overbought. Right now we are on the downstroke from that spike.

Am I seeing a long term pattern form here? If so we may see .20's before a reversal. Again, if this is a pattern when the reversal occurs the highs could be higher than we saw in Oct. 07 even though the climb back up could be slower than before. Allbeit painful right now maybe we are capitulating long term to reach higher levels?

The one thing that does look good is the acc. People aren't buying this stock at these levels to watch it go down much more.

Maybe some of the chart experts on here could comment?