Therefore a long in kkd @ 35.25 on a TA basis.
Krispy Creme looking tasty
- Thread starter heilbronner
- Start date
TA basis? As in technical analysis basis?
Looks to me like the medium term and short term trend is down.
KKD is forming a descending triangle. It is only a matter of time before it breaks down. At least that is what I would say if depending on a TA basis.
-AE
Looks to me like the medium term and short term trend is down.
KKD is forming a descending triangle. It is only a matter of time before it breaks down. At least that is what I would say if depending on a TA basis.
-AE
There she goes. Let's see if she comes back up to test the enormously built up resistance.
-AE
-AE
Average volume is about 700k. It seems that everybody lost interest in this once high- flying stock.
Greetings.
Short % of Float (as of 8-Dec-03): 23.12%. This is still quite high. Short ratio could trigger an upward move in this highly oversold area. But still, I can be wrong. This is no " I bet my house" trade.
Trade done. Just sold @ 36.09 and 36.10.
So this is an intraday gain of 2.4%, which isn't bad for a stock that is supposed of "breaking down".
Best wishes,
heilbronner.
Best wishes,
heilbronner.
Well I guess I could try to cover my ass by saying it broke for a short while. Clearly you were on the right side of the trade, just a little early.
-AE
-AE