Replies to post #84119 on Golkor Inc (GKOR)

[Anthem]

His lines are correct. We are seeing a steady and consitent anticipation of results run here and we rallied about 14% into the HOD at the close of market on a Friday. If you think that isn't a bullish indicator then I do not know what could convince you otherwise.

[Biochemist2002]

Honestly, I have no clue how to interpret "falling wedges," "descending triangles," "tea cups" or "squeeling monkeys."

And honestly I don't think (IMO) they amount to a hill of beans at this point. Suppost early next week KATG starts trading (additional shares and all) and Ken releases amazing assay results, announces we're continuing to drill more on Handcamp, we're starting to drill Rusty, have great results from Vale's exploration on Lucky, etc. Who would say, "well, I don't want to buy now, because according to the chart, this baby is going to 0.12"?

I mean, okay, charts can look at patterns, and I understand that, but they don't consider what's going on with the company.

That's just my opinion and I'm sure some will disagree, but I'm not here to argue the point, just stating my viewpoint. BTW, I do see how, all thing being equal (i.e. no news or major events) charts may be more accurate.

[Rick-UK]

Hi tradersrule. Do you mean like this?



There are a few less touches for that pattern, and of course it doesn't resolve, it's more of a descending rhomboid as things stand. I do agree that there are a couple of areas that do not fit my falling wedge perfectly, but the maximum number of otuches is IMO what is important here, and the pattern though not perfect is still pretty good IMO...



Examining the indicators such as SAR, volume, MACD and RSI alongside the pattern (which is what we are meant to do) it looks to me like resolution soon, although I do agree that we need to break the 50DMA before we can really say that any new pattern is forming.

It seesm to me that you are saying in other posts that you expect a price increase, though in a couple of weeks or so rather than next week. So OK, I can live with that. I will be very happy with KATX going up any time in the next few weeks, so I will be delighted whichever one of us is correct.