mkate_nusu wrote:karasinga wrote:mkate_nusu wrote:mkate_nusu wrote:karasinga wrote:This train has left station. currently too expensive to board. why? Making a NSH and a potential resistance around 9.
plan.
exercise Great patience and wait. Wait for price to speak. wazuans are hunters not chasers. Price will speak and tell us what it wants to do.
expectation.
planning to go long between 7.2 and 6.2. again, Price will speak and tell us what it wants to do.
volume action not convincing to warrant a rally. the recent gains July to date have been on vapor volumes.
Pump n dump?
@karasinga post cables chart here let us know if the dump has taken place
@mkate nusu
bearish divergence with RSI

EXPECTATION
1. higher low(watch how price interact with the green lines)
2. a deep retracement
3. a strong rally might follow.(check my chart)

hope this helps
@karasinga thanks.
my observations from the chart as a student of your analysis: (feel free to correct me)
1. The 9 resistance was strongly rejected. (Shame on the vultures that tried dumping.) Can your software chart Fibonacci retracements from this level. 38.2% and 61.8%
2. Support at 8 is looking weak and 7.60 was tested intraday showing sellers are present
3. If a break below 7.50 happens during next sessions there is high chance we shall revisit the key 6.00 - 6.20 support level
4. From your analysis are you watching out 7.50 as a potential support? I ask coz there are gaps from 6 - 7.50 range on the upswing movement.
freshas of stock markets having difficulty interpreting the above:
1. eacables touched a low of 5.90 on 4th April and twice again on 3rd June and 14th June
2. Since then it has made a 53.4 % gain in 2 months to touch a high of 9.05 on 17th August on thinly traded net negative volumes
3. The wolves of the market(they have no names and are not known to us but don't be fooled they are real) were trying to dump at the 10 level. However this was met with informed investors thanks to @karasinga and other chartists goodwill who have since rejected to be swindled at 9 and above
Watch from distance and grab some popcorn while you're at it
KEGN, KPLC, KQ, SCOM