Yesterday we saw the the latested news from KABN on WSR: NEXT SUPER STOCK Live!:KABN Holdings (CSE: KABN) https://youtu.be/wsLfz-ivAoM
So it was time for a little technical analysis. At what level is the price and what is the next target? As you can see, it is just the right moment to think about opening a long trade or a long position here.
BC= Retracement CD= Push
And please remember. Act according to your own plan. These are ideas to the best of your knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
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Symmetrical triangle pattern. Looks good!
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Nice breakout!
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Cup & Handle Pattern
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Backtesting the breakout with a cup & handle pattern. Is the reversal coming today ? It looks a lot like it.
Trade closed: stop reached
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KABN has a new name and with it a new acronym. LQID. Unfortunately, with reaching today's low of .11 CAD, the Fibonacci is destroyed. Closing the idea.