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Replies to #461 on Kali Inc. (KALY)
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BORN AGAIN

07/30/16 7:03 AM

#462 RE: BORN AGAIN #461

Daily charts are used for short term traders primarily to either enter or to take their profits, longer term traders aka swing traders use daily charts to add to their positions which is called Scaling In , see one of previous posts to read more on that. Weekly and monthly charts are used by investors and long term traders. $KALY chart does not have that history yet but what we can see is that it has formed support in this area and now this week tested it and held. The stock price moves up rather quickly when buyers come in for the reason that it has a small float and there is not many sellers on the ask side, so as more awareness comes to $KALY so will more volume. Now the stock price drooped back to test support on very low volume over the last few days ,this is due to not having enough traders actively trading it yet to give it bid support to hold the stock price at the highs. Once $KALY becomes a stand alone trading stock we will not see these large % swings to the down side. I dont know when this will happen as bringing awareness to a stock varies in the otc world. Once folks see that KALY is a real stock with real companies in it doing real work and making real money unlike 95% of what you see in the OTC, then the chart will begin to tell the technical story along side the growth story for this company. As $KALY emerges from the pinks and into I am assuming uplisting in the near future once we see the financials reported and becomes a fully reporting OTC stock that will get the attention of bigger investors. here at .08 to .10 imo is the ground floor , but as always everyone including myself must have a mental stop loss if you want to survive when trading stocks.