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Sunday, February 20, 2011 12:45:19 AM
When I review a security I start with A normal 3 month period, Always Starting from the currant daily chart and working backwards to draw the more neglected long term trend's and eventually the weekly and monthly trends as well.
Something I always keep in mind is the long term trend line,Is it Ascending or descending ? As the true Direction will often ( not always) follow it's currant path.
Going back to the Fundamentals of charting ( I hope most grasped) We can see the Currant trend for KATX is Down, Going back to the june/july peak of .24/.25 and declining with spikes and bear flags to a suspect .024 today.
Reason for the decline? When nothing is propelling it upward's it will always decline!( I think that is an Original Cooky quote)
And also gives Question to the further decline below the original .04/.05 area of last march, If someone would like to put Fibonacci's numbers to play I would very much like to see the outcome...I will question Katx only thru charts and trends, and today it does not look Favorable. Cooky
Just here for the ride!
Recent KATX News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 06/20/2024 11:58:38 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM