I believe KODK just completed wave 2 of a 5 wave impulse. This analysis is further supported by the diamond bottom pattern (incomplete for now). A break out if that trend line will indicated a breakout. Targeting 13s for end of wave 3
KODK is on watch here as it crept out of a major pennant formation. KODK also came down to retest to support and bounced strongly. Eyes are on KODK here as it can retest $12. With a break of $12 per share, $16 should follow shortly after, and a break of $16 can send it flying past $24. Keep this on your watchlist, watch for news, and stay strapped in as this may...
Notes on chart
interested to see how this plays out.
key points:
-RSI overbought on the weekly, expecting further consolidation for now
-potential entry at ~$9.50, potential growth to ~$20.00
-breakout could occur with more volume and sustained high RSI for short period of time
-MACD on weekly turned bullish, should continue for several weeks
this chart is...
NYSE:KODK
Possible Scenario: LONG
Evidence: Price Action,
TP1 ~13.18$ , TP2 ~21.27$
SL: 8.25$
It has a minor resistance around 8.60$, so it's another buy opportunity.
This is my idea and could be wrong 100%
Kodak already become history. The glorious day when people use the camera to take the photo already over.
What can you expect from the abundant brand?
The price suppose down to last support $2
Hello All. Here is my analysis that is not so far fetched.
Pros:
1. Partnership with microsoft.
2. Solid institutions bought in December 2020
3. Pharmaceutical Division pending
4. Low float count in available shares
5. Multiple failed breakouts but solid consolidation
6. Potential Loan coming from the Federal Government to kick start Pharmaceutical...
