Saturday, February 15, 2014 12:03:25 PM
KIPS $.68 : Daily Chart Review
Here's a review of the KIPS Daily Chart. Both Smurf and I are in this stock at the moment. They had an offering recently at $.70 that has closed. Stock gapped down.
I noticed what looks like could be a similar pattern in KIPS current Daily Chart to that of a pattern from August 8 - September 18th of last year (about 5 weeksish).
Current pattern started around January 21st. So this week would be about 4 weeks. Timing will never be perfect, but IMO this looks like it could be a good opportunity to buy in now or during this upcoming week maybe. There is decent support at $.65 area (but that's not as much fun as saying .66 area). So you may want to buy here and set some stops below $.60.
So, maybe it's time to... Ready?
Get your KIPS on Route $.66.
Trade would be $.66 to $.86(ish) so $.20 move to the gap.
Next target would be $.90 after that.
Something to think about. Risk/Reward. We'll leave that up to you to decide. Best of Luck!
Here's a review of the KIPS Daily Chart. Both Smurf and I are in this stock at the moment. They had an offering recently at $.70 that has closed. Stock gapped down.
I noticed what looks like could be a similar pattern in KIPS current Daily Chart to that of a pattern from August 8 - September 18th of last year (about 5 weeksish).
Current pattern started around January 21st. So this week would be about 4 weeks. Timing will never be perfect, but IMO this looks like it could be a good opportunity to buy in now or during this upcoming week maybe. There is decent support at $.65 area (but that's not as much fun as saying .66 area). So you may want to buy here and set some stops below $.60.
So, maybe it's time to... Ready?
Get your KIPS on Route $.66.
Trade would be $.66 to $.86(ish) so $.20 move to the gap.
Next target would be $.90 after that.
Something to think about. Risk/Reward. We'll leave that up to you to decide. Best of Luck!
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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