these targets are still sound
target 1 11.29( so far the high exceeded our target by 0.11
2nd target 12.2

tighten you trailing stops if you are not yet out

Kk is a value trap. Something equal to big bang must happen for that to change. And mr market is saying that loud n clear. This stock is so uneasy above nine, like a horny rub-it. I wait to c what comes out of it.

Keno
First I want to revise our wave count following last week events. Feel free to criticize. I am still learning.


Then kindly let me bring to our attention something I missed to mention in the last analysis that could be is not obvious. If we go back to the end of wave 1(of c or 5), keno had a RSI(14) bearish divergence as shown below that resulted to corrective wave 2( of c or of 5). I want you to look keenly on the blue vertical line. The 1st line had a low price of 8.5 while RSI(14) was @ 47.79. on the 2nd line,the price low was 8.6(a bit higher that the 8.5) and RSI(14) @ 47.23( a bit lower than 47.79). that was a positive reversal sign that defined end of correction wave 2.The red lines are showing divergence.


closer look rsi


closer look price


Then let us look at what happened last week. The same sign was even present by the time we had the last analysis. If you can recall “in wave 4 correction,this should be in mind. If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa. so do we have wave 4 of 3 or 4 of c in place already? could be yes could be no. “ wave 4(of c or of 3) made a triangle correction as evident on the chart


Where are we? wave 5 (of c or 3) is in the making.

Expectation
Our targets on the chart still remain. So far we have passed target 1 and 2. Let see what happens at or around target 3 of 12.2. remember we still have the following possibilities;
(a) wave 4 that will correct after end of 5 of 3 and then the last wave that will complete the first 5 impulse(high probability) or
(b) a wave in a downtrend after end of 5 of c

STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter's direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis