Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Dubai defaults or close to it - could strengthen dollar

Hi Cliff - welcome to Synergy. Regarding KMK:

Looking at a 1 year daily chart, it looks like it may have completed a measured move - nice run from March to May, followed by a sideways consolidation until October, and finally a nice run until now (similar to the March-May run).

Looking closer, it is on the verge of breaking its accelerated trend line from the move started in Oct. Also, it's showing signs of slowing momentum. The last peak was only marginally above the prior one, the RSI has slipped below 70 (some people use this as a sell signal - I prefer the trend break), and the MACD just gave a sell signal on the daily chart.

It still looks OK on the weekly, so it's still a long-term hold, but I'm a short-term trader. Depending on how it looks near the close, I may sell. I'm not saying it's going to go down big-time, but the probability is that it's headed for at least another period of consolidation. I don't like holding stocks during those periods - they trade much less predictibly. If I'm wrong, and the company gets bought when I'm out of it, well, you can't win'em all....

Share
New Message
Please login to post a reply