KALY in a rubber band ready to snap back up or going down?The RSI is below 10, so the stock seems oversold, it could look like a good rubber band pattern if the price was not UNDER the 200-day MA.
So is this an anomaly and the stock is going to snap back up? Or, on the contrary, is it going to go further down?
What do you think?
KALY
KALY_CA (KALTF)- Pennant breakout long from $0.27 to $0.40 & higKALY_CA (KALTF) broken out of a pennant formation today on strong volume. We think it will continue upward & Our first target is $0.40. But it can go further.
* Trade Criteria *
Date First Found- December 5, 2017
Pattern/Why- Pennant breakout, Momentum Play
Entry Target Criteria- Pull back to $0.22 or Break of $0.27
Exit Target Criteria- $0.40 & Higher
Stop Loss Criteria- N/A
Indicator Notes- Strong Twiggs moneyflow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)
