Replies to post #3617 on Banro Corp. fka BAA

[Techamental Logic]

BAA Chart Showing Possible Keltner Channel Breakout!

Wow Sparks111111, amazing timing on the all charts are worthless comment. LOL! Definitely take this for what it is worth...which may be nothing. I've been watching BAA's Keltner Channels for a while now. Last week I first alerted about the possible crossing of the upper Keltner Channel with the MA(50). That finally occurred with yesterday's trading.

Keltner Channels can be manipulated much like frequency can to show a Cup and Handle pattern for almost any stock. The variables used have not been manipulated to show what I want, I've been using the same variables throughout. Keltner Channels are not perfect but they do a good job in some instances and BAA is trading like a security to which they can be applied.

Below is a little bit about Keltner Channels and in the first paragraph is states "Keltner Channels are a trend following indicator used to identify reversals with channel breakouts and channel direction."

Definitely take it for what it is worth but I feel BAA is a prime candidate for both a reversal and a breakout.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:keltner_channels