KAP trade ideas

KoosKanmar

First target was reached 439 after the initial cup and handle formation (green). A flag was build and broke to the upside. Next target is 500.

KoosKanmar

After KAP broke the inverted head and shoulders neckline around the 342 level, it retested the breakout level and then moved up to reach the first target of 439 before it pulled back into what could end up as a bull flag. The flag still needs to be confirmed as it still forming. Watch this consolidation pattern carefully, as a 425 break could indicate that the...

KoosKanmar

After the cup and handle neckline break of 342, the first target of 443 was reached. Currently it's looking like it's consolidating a bit at this level and getting ready for a move to the next target of 500. One option could be to lock in some profit at this level and move your stop loss to the neckline breakout level in anticipation for the next leg up that could...

KoosKanmar

Bullish looking formation forming on KAP. A 340 neckline break could open 440 and 500 targets. Keep an eye on the 340 level in coming days.

edscommodities

Support ±R2.35 Stoch oversold and crossing Continuation to ±R4.40

Lifesong

Summary on chart Aggressive entry < 220 Conservative entry closer to 200 if it goes that low STOP < 190

serioussam81

A channel has formed, buy shares.

LD_Perspectives

*Extract from client research note 01-June-2020. Volume has picked up since 20 May with higher lows being printed while the 211to 214c level is looking to be cleared. The last two sessions has seen the price close near the high of the day potentially suggesting the willingness of buyers to continue accumulating.

PonziCandle

420 was resistance about 12 years ago. That's over 4200 daily candles ago. JK. But we can try trade this. If we are able to pick some up a bit lower and 420 still holds we should be good to test the level it broke down from. There are many levels in-between, but I think the 800 area is destination. It takes a while to identify which levels are important, I am...

SteynTrade

Kap Industrials has undergone distribution and is now in the markdown phase. After a buying climax (BC) in April 2017 we have seen a distribution trading range (TR) and currently, it is in the markdown phase. There is high volume selling as large interests are getting rid of the stock on the way down.

KillerKnightX

AB=CD

LD_Perspectives

Kap Industrial Holdings (KAP): The price has declined from 900c since the beginning of February and has formed a falling wedge/channel which has seen the price trade near horizontal support. Should we see sub-750 being tested, traders could use the opportunity to accumulate the share, for a potential 'buy-the-dip' and reversal. Trade Levels Buy KAP below...