Replies to post #154950 on KAT Exploration Inc (KATX)

[rubber duck]

Chart was getting overbought, most were looking for a pullback but it went back under all the MA's. Now the MA's are lined up and heading down, the conditions are there for another test at .01.

[Cooky]

Still around I'm sure, But I will say this has the look of a rebound to the high .017's and that will complete a symmetrical triangle that is forming, Just not sure if we will get another bounce in the pattern after that..Just too much risk to trade until the pattern is complete or broken and we see where the next opportunity comes in at...GLTY!

Cooky

[chmcnfunds]

popeyemag, I don't consider myself a chartist although I do post charts here and there, the last KATX chart was several weeks ago. I wasn't one of those touting a breakout.

The chart is not bad and a good day today could improve it drastically. MACD close to crossover, TRIX has lost its descent, Full STO has leveled and should begin climb, CCI in the soft buy range, MFI shows money coming into KATX as does the Accum/Dist. The Accum/Dist (which only paid subscribers can see) is most interesting. It shows that since April 19th there has been a slow positive accumulation of funds flowing into KATX. Although there have been down days there seems to be strong sentiment that KATX is a good investment.

KATX - Daily Candlesticks



KATX/BVIG/KATG