KMA Global Solutions International (KMAG)

[museman]

The charts I posted on 12/14/2013 are still valid, channels are holding, and declines at this time should be seen as buying opportunities if one accepts the fundamental assumptions being posted.
12/14 charts link
The intermediate term top at .01 continues to hold on a closing basis. On the cup and handle chart the handle is being drawn out with parameters being .01 and .008 on a closing basis. On the second chart I suggested two uptrend channels which are still possibilities. I also indicated that the price could creep downward along the descending tops line of the indecision triangle (in red). If there is insufficient volume to stimulate a breakout above .01 the price could continue down this line toward .007 later in January. So far KMAG is within the upward trend channel (in blue) with a bottom objective of .007.
So .007-.008 seems to be support and .01 resistance. But low volume "paints" beyond these levels are not unlikely. The traps here are to buy above .01 while the volume is low and to be shaken out below .007 if there is a panic washout.
If one accepts the information in the Oct. 23, 2013 PR and the updates by posters here, and as Djknows says has faith, then buying anywhere is a good plan as once .01 is surpassed on high volume, much higher levels are predicted by long term charts which project at least 1.35 in the long term.