KMA Global Solutions International (KMAG)

[museman]

Chart. After a nearly 500% move since Feb. 24, a consolidation is in order. We are against 2 forms of technical resistance: the long term declining tops line (red) and the point at which KMAG entered the grey sheets and it's subsequent dramatic drop (purple line).
The wild trading range last Monday traversed the entire expanse of the long term indecision triangle, and took out the gap from Feb. 27. This action cleared the way to resolve the triangle with a bias to the upside considering the buying pressure and that the downtrend line has been recently punctured 2 times. More consolidation could occur as we negotiate .014 where the breakdown occurred.
Of course news trumps the chart.