KMA Global Solutions International (KMAG)

[museman]

For every two technical analysts there are at least 3 opinions. Here are three. The reverse head and shoulders pattern is within days of giving a buy signal. That will occur when we close above the neckline in the 6's. The neckline of the pattern (drawn in light green) also delineates a rising triangle indecision pattern, and we are at the apex of that triangle now. If we break to the upside we are beginning a new uptrend. If we break below the long rising bottoms line, we are in for more downside. The reverse H&S and the triangle patterns are bullish on a statistical basis, but I wouldn't put it past manipulators to break these patterns to the downside momentarily to shake shares out of nervous hands. Should KMAG break into a new bull phase, the primary uptrend channel has a near to intermediate term objective of .01.