Koil Energy Solutions Inc. (KLNG)

[chd911sc]

chevdawg,

with all due respect, i do not believe $0.832 is resistance. i realize it was a recent intraday high, but that doesn't necessarily make it a point of resistance. i cannot upload a chart since i am at work and certain websites are blocked, but if you use stockcharts.com and plot the bollinger bands (default parameters), you'll see support at the 20-dma (i.e., the bb centerline) and you can literally draw a flat line at $0.80 as we have yet to close above that although we tested it five different times in april alone without closing above it. we've come close to testing it before then, which strengthens my point further. also, as you may have observed, the upper bb has been indicative of the intraday tops (i.e., overbought) as well and it usually doesn't stay there long and has only closed above it once since we hit the bottom in february. you may not be trading this, but if so, then trade this channel at your own risk :).

regards,

craig.