I could be wrong, but i think I'm seeing the development of a 3rd breakout loop. Each time the RSI fell below that horizontal barrier on the RSI, KEY followed up with a 130% run upward. While that degree of success is unlikely from such a specific indicator and time interval, I did put it on the chart to give a glimpse at how it might form.
If we can attract the volume, it just might be possible the breakout isn't over yet. Buy a decent bag for storage at least and set your stop loss below the hard support there in green. GL
If we can attract the volume, it just might be possible the breakout isn't over yet. Buy a decent bag for storage at least and set your stop loss below the hard support there in green. GL
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DECISION TIME, $KEY
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Let's go KEY, Hulk smash that f'n cloud
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We're pushing into it now -- drew some lateral extensions for a visual:
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And away we go...
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If Key is indeed attempting to follow the path of my dreams, here's what it looks like:
Take profits as needed, but HODL at least a portion. This could be fun.
Take profits as needed, but HODL at least a portion. This could be fun.
Trade active:
The action has slowed over the past 12 hours as it's settled into a bit of lateral movement.That's normal during consolidation phases and should prime this for big returns this evening and in the coming days. I'd keep buying (if you aren't satisfied with position or wants to avg down) while its below 530
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(I'm not saying this is a breakout cup and handle or anything, just monitoring. It's too minuscule to be significant to overall picture)
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Obviously we took a hit here people. I guess I let my emotions get the better of me in assuming we'd break out of that and continue upward without a fairly significant pullback to compensate for the meteoric rise. That said, it does appear to have finally started moving again and could be showing signs of recovery. That support range should be even stronger now than it was before stopping the slide, and we should be set to begin a new growth cycle. If we encounter another plunge and lose supporting channels then it will be time to reassess or discard the overall model.
