LazyBear

KING - Possible upleg soon

Long
NYSE:KING   None
6353 views
38
Today's sells don't make much sense to me (such low volume too!), expecting a leg up in KING. Especially with ER around.

More details on chart.

4hr view:
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Comments

Why did the RSRL not hold here?
+2 Reply
Like this one Lazy Bear... I am going to see if a bit of buying comes in at this level as a confirmation of support and look to take on a long position.
+1 Reply
What is it that you have plotted on your price actions as dotted support and resistance levels?
+1 Reply
LazyBear Pink Grasshopper
It is RSI S/R levels. It is part of the package available from appstore. More info: http://blog.tradingview.com/?p=970
+1 Reply
--- Update May 20 ----

Positive volume + momentum picking up now. 15.50 level is a big resistance, breaking up above with force is a good confirmation.

+1 Reply
-- Update: May 15 2015 --

Buys came in to fill the gap, the div worked out well. Now, lets see if this finds a foothold at this level.

+1 Reply
This went the other way. Interestingly, the volume on this gap (blue arrow) is relatively less than the previous sell off (red arrow). Lets see how this goes tomm.

+1 Reply
---- Update June 20th -----

This decided to break down totally.

Reply
@LazyBear, is that linear regression bands with sd +2 and -2 ?
Reply
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