Gatheuzi wrote:See the TA below courtesey of @karasinga's thread "directional forecast". The rally is short lived.
Quote:karasinga wrote:karasinga wrote:[quote=Ericsson]Karasinga
Kengen is the biggest gainer in the week.How do you explain its wave pattern.
this is keno thread. kindly check
here. Other 2 possibilities might be playing out. Will give my opinion later.
best wishes
Update:
hello Ericsson. kindly find reasons why I think KEGN is too expensive for us and we should wait to buy value.

hope this is helpful
note: remember disclaimer
best wishes
hello Gatheuzi. If may comment. Having volume below average during the "rally", why would KEGN now have above average volume in the last three trading days? Not unless market markers/insiders were exciting the crowd.
why would they do that?
1. to sell to it so that they can position themselves better.
2. they know crowd psychology in that many will sell back to them once price breaks below 5(what many refer to as false breakout).
hope this makes sense.
For the lovers of MA kindly check where 200MA is in relation to price. This is a game of the mind. ..
best wishes and don't be a stranger at directional forecast thread.
It's not over until I winskype id: karasinga. email:
kkarasinga@gmail.com