All in a day's work

Hands up! Those who expected this sudden selldown. Ha! I'm affected but well, I'm stupid =)

Anyway, Janet, as requested, an analysis on Kepland, is it too late?

I've drawn 2 blue lines diagonally showing the support lines of the current price for this counter. Both as pointed by the red arrows are breached. Not a good sign obviously.

$5.97 is also the price which is the support for the trendline, since 2005. This is again, coincidentally on fibbo, 38.2%.


Next, at $5.40 there is a gap up, this should be the next support if breached, it's all down to $5.08. Coincidentally, this price is also where fibo is at 23.6%, yes 23.6% it's bad. very bad. Free falling since it's peak.

That's what I think of it. Actually, most counters look like that now, breaching all their major support, KepLand is not alone. =D