Replies to post #67560 on Koil Energy Solutions Inc. (KLNG)

[goosemeister]

now just looking for that white candle on monday for a channel break (link back). today's close may just portend that green monday. otherwise, dpdw may return back to the 20-day moving average for another bounce, as it did during the final week of april when it had that 5-day double top.

that being stated, i highly expect to see a channel breakout in the next 3 weeks.




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[goosemeister]

very interesting chart here. (link back)

though yesterday was a white candle day, the stock essentially moved sideways. if dpdw closes up today, the stock will break out of its channel... in my opinion.

what i then expect to see is a solid upward run toward the golden cross. as i've stated befor, the few weeks leading up to a golden cross are generally the most fruitful. i think that is what we'll see. in other words, i expect to see a run not unlike what we saw last october (0.86 to 2.35), except that a new high (above 2.35) will be made.

we'll see.


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[goosemeister]

i expect tomorrow to start the true breakout of the 3-month channel (link back). the golden cross awaits and so does the substantial move that precipitates it.

i would hardly be surprised if we're greeted with news tomorrow.


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