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TA: KRYS - 1 x 30 chart... An observation. Riding 'in the barrel' Updated annotations point to the potential for the formation of a Symmetrical Triangle chart pattern . Now, a bunch of TA geeks would be appreciative in the current downtrend stopped at yesterday's close because it would give the 2nd 'touchpoint' to the trend line on the bottomside of the pattern/ Why even bother to make note of this ? Well, when this baby reverses up off of a bottom, it tends to throw off doubles. Okay, let's say it reverses in a somewhat wimpy fashion this time ( remember , it's still summertime), what might be the upside target ? Look to the zone of the 50MA and the 200MA as they currently fight each other for dominance. A move from circa $40 to circa $50 ? Wait, what's that as a percentage gain ? |
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Msg # | Subject | Author | Recs | Date Posted |
33158 | Re: TA: KRYS - 1 x 30 chart... An observation. Riding 'in the barrel' | BelieverTim | 4 | 7/1/2020 1:21:15 PM |
33703 | Re: TA: KRYS - 1 x 30 chart... An observation. Riding 'in the barrel' | BelieverTim | 1 | 7/27/2020 3:27:26 PM |