KS Energy seems like trading on a down trend where lower low has been formed.
Things to watch out whether KS Energy will continue the down trend:
- Whether KS Energy can break above the 20D MA resistance at about $1.12.
- If $1.12 resistance is broken, the next critical resistance level is $1.194. This is the previous high and also 61.8% Fibonacci Retracement Resistance.
If KS Energy cannot get past and go above the above conditions, a lower high is formed and the down trend is confirmed.
Hi,marubozu sorry for never put down my name thks for advice. Buy @$1.02 hold or sell please advice thank you.
Hi Gary,
Down trend has started base on chart pattern.
Base on my rules: I will cut loss when the chart pattern tells me it is a down trend, ie.
(1) Stock price below 20D, 50D, 200D MA.
(2) Chart pattern is showing a lower low, lower high down trend pattern.
You may need to formulate your own rule whether you want to sell or hold.
I am not certified analysts to give “buy”, “hold” or “sell” call. You may need to make your own decision.
Hope it helps.
Marubozu
Hi,Thank You for the advice, make a wrong move, Shall Cut Loss.Like your blog very much,thks again Marubozu.
Hi,Marubozu Saw your e-mail,chating with DL about learning a good lessonon on trangle,very lnteresting and heard about Parabolic Curve but don’t know how to use, can I learn from you.Very exciting to wait for your reply thks.Hope you can teach. Gary
Gary, Not sure you have seen this post.
https://mystocksinvesting.com/singapore-stocks/lesson-learnt-from-parabolic-curve-did-you-get-burnt/
Basically the stock price climbs very fast and the gradient is more than 45 degree. In mathematic term the Parabola equition is y = x^2.