And the thing about AMEX:TKAT is that the vol of previous 2 days was so huge, that it can continue to rip. Risky, but fun. Potential PT: 17 and even 22.
Why I make such a conclusions?
The answer is avg volume. I take 2 pink lines: longer one comes from the previous vol spike and shorter one comes from 2 days back, when it started to rip. Current price is above 2 of those levels. We've got support, which coincides with pivot (green line) at 9.20. I've set an alert at this level and gonna watch price action closesly. If the price won't fail this key level, I'd start to buy. Keeping in mind that this is a risky play, not big size this time. Let's see
Why I make such a conclusions?
The answer is avg volume. I take 2 pink lines: longer one comes from the previous vol spike and shorter one comes from 2 days back, when it started to rip. Current price is above 2 of those levels. We've got support, which coincides with pivot (green line) at 9.20. I've set an alert at this level and gonna watch price action closesly. If the price won't fail this key level, I'd start to buy. Keeping in mind that this is a risky play, not big size this time. Let's see