AI
Monday, August 02, 2010 10:47:22 AM
KATX chart...
Sorry for the repost, but to me as of Friday the KATX chart now looks ready for another big leap forwards...
Note the falling volume showing market indecision... to buy or to sell? No one can decide, so no one has been doing much of either. But now we're at the thin end of a near perfect falling wedge pattern*, so indecision time will shortly be over and we are very likely to see the market make its mind up one way or the other. The pattern indicates to me that the move will be upwards, with the timing set for any time this week or perhaps middle of next week at the very latest.
So purely on the technicals "we good", but of course just by chance the fundamentals all point to the same thing - big news to be released in the next week to two weeks.
Coincidence? :o)
All the above IMO of course!
*Falling wedge pattern - http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge
By the way...
Here was my last chart dated 13th March when we were at 0.093. At the time I said we had a "cup and handle" formed and expected a big upward move... Was I right? Yes - we went to 0.252 on that run :o)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50111339&txt2find=cup
Sorry for the repost, but to me as of Friday the KATX chart now looks ready for another big leap forwards...
Note the falling volume showing market indecision... to buy or to sell? No one can decide, so no one has been doing much of either. But now we're at the thin end of a near perfect falling wedge pattern*, so indecision time will shortly be over and we are very likely to see the market make its mind up one way or the other. The pattern indicates to me that the move will be upwards, with the timing set for any time this week or perhaps middle of next week at the very latest.
So purely on the technicals "we good", but of course just by chance the fundamentals all point to the same thing - big news to be released in the next week to two weeks.
Coincidence? :o)
All the above IMO of course!
*Falling wedge pattern - http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge
By the way...
Here was my last chart dated 13th March when we were at 0.093. At the time I said we had a "cup and handle" formed and expected a big upward move... Was I right? Yes - we went to 0.252 on that run :o)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50111339&txt2find=cup
