Akksujean

KOSS - Price Spike Inc.

Long
NASDAQ:KOSS   Koss Corporation
KOSS has exhibited high price spikes on the last 4 up moves and it may repeat that behavior. The 4-hour chart helps illustrate the short-term duration of the recent price moves.

Indicators, lower trendline, and wave structure supporting a potential reversal soon.

Further KOSS has made a higher high the last three up moves, so the expectation is that trend continues. Obviously the question is how high. Not sure as the sell-offs have been swift.

The weekly chart appears to support more up - potentially significant more up, with a large bull flag formation evident on the log setting. However KOSS has thus far rewarded very nimble traders.

The SI% and borrow rates for KOSS remain high, but this condition has been in play for a while now and thus far hasn't resulted in significant short covering IMO. Perhaps soon.

Not financial advice.