Full disclosure KAI is a large portion of my portfolio and none of this is financial advise. KAI has been going through a correction and consolidation since hitting ATH in August. Those of you who owned KAI or were observing over the summer know when this one runs it's a sight to behold. Although it might seem that KAI has already broken out from correction the chart will show it hasn't yet and is only priming for a nice breakout. Below are some of my observations.
1. Symmetrical triangle is prime for a breakout. As you know breakout can occur to the upside or downside and usually occurs at the 3/4 mark, i.e. any day now. Everything is pointing to a breakout to the upside but anything can happen.
2. Crossed to the upside of Ichimoku cloud a few days ago and has maintained support on top of the cloud. Leading cloud has also flipped green.
3. Volume profile shows POC (point of control) at current price of 0.016. Possible flip to support as it's been riding this level for a few days now. Once breakout occurs first level of resistance is 0.018, this is most likely the level the retest starts. If retest is confirmed then next resistance is at 0.023. After that level breaks it's going to fly and ATH will be in play as not much resistance is above 0.030.
4. MACD is set to flip green
5. KDJ is green and looks to continue
6. RSI has a lot of upside potential
7. Volume has started to come back, as they say, volume precedes price
1. Symmetrical triangle is prime for a breakout. As you know breakout can occur to the upside or downside and usually occurs at the 3/4 mark, i.e. any day now. Everything is pointing to a breakout to the upside but anything can happen.
2. Crossed to the upside of Ichimoku cloud a few days ago and has maintained support on top of the cloud. Leading cloud has also flipped green.
3. Volume profile shows POC (point of control) at current price of 0.016. Possible flip to support as it's been riding this level for a few days now. Once breakout occurs first level of resistance is 0.018, this is most likely the level the retest starts. If retest is confirmed then next resistance is at 0.023. After that level breaks it's going to fly and ATH will be in play as not much resistance is above 0.030.
4. MACD is set to flip green
5. KDJ is green and looks to continue
6. RSI has a lot of upside potential
7. Volume has started to come back, as they say, volume precedes price