KAZ

Trendfriend,

Never use the divergence on an RSI to indicate a change of trend because that is not the way to use it. You should use the RSI to identify sequences of swings. For this it is invaluable

The divergences are only relevant in identifying wave 3's in five way moves, which means there is still a wave 5 to come, hence why people continually lose their money using the RSI in this way

Hi Trendfriend, and fellow KAZ watchers,

Here's a snap-shop of some of the indicators I use to help me enter a trade, and none of them fill me with confidence:




and here's a daily chart, which shows a security in peril (sadly):





Sure, there are oversold levels and indicators; moreover, the macro part of my thinking points me towards the RNS, the company cash data (from companies house no less), as well as the data available via Reuters and the LSE (with respect to the debt/bond issuance and Net Asset / Book value), but still I get nervous about KAZ.


So, will it get to £17 - sure why not!

It has done it twice already from low valuations.

Just don't ask me when!


Wishing you all the best of luck.

I was hoping for a double bottom formation . (The initial trade was more or less based on this)The initial bounce was good but now its gone back to that area its not so good. I dont like it when it test a crucial level so soon after a bounce.
Im not brave enough to attempt a second slice of the pie

Hi ggok
Yes you can use fib projection but it will be in the minus zones...lol
Best would be to use point and figure targets.so if any ones got updata please let us know.cheers.
it can be calculated manually but my minds not up to it this late on. I should imagin it will be a low figure
heres the daily point and figure chart so may be able to work this out.


dl.dropboxusercontent.com/u/4899609/kazpoint30thjan2014.png
chartsview.co.uk/learning/Point-Figure-Charting.html

GGOK wrote: Oh dear.
So there doesn't seem to be a support after 170. Could you use fibs to figure out how low it could go?
Thanks
G

Hi trendfriend
yes the rsi can be used as a sign of divergence but you cant solely rely on this to be the case all the time. Its risky to just rely on this by itself. If you use it with other indicators or candlestick patterns it can help.I would prefer to use the divergence whilst kaz is clearly in an up trend and not testing the all time lows. For Kaz i would not personally take to much note of this as todays candle is really bearish which shows the bears are currently in charge. If they take the price to a new low it can speed up the selling so hence why its a tad risky to go long now. Your better of waiting for a reversal signal to form like the 123 low signal. Kaz needs higher highs but all its getting is lower lows so its a risky trade from a long perspective.
so best used with other methods and not by itself.
This is just my opinion.

Trendfriend wrote: Remo, Jackozy, Libero.

This is also a weekly chart of Kaz.
uk.advfn.com/p.php?pid=chartscreenshotsh...VM%3D&symbol=L%5EKAZ
This is close up of the same chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...vI%3D&symbol=L%5EKAZ

Would you not agree there is divergence on the rsi??
Is this not a sign a bottom may be forming??

Or this not really a reliable enough indicator?

I think i may have got this completely wrong(usually do), and would really be intersted in your views on RSI divergences please.

Thanks in advance.
Trendfriend.

Remo, Jackozy, Libero.

This is also a weekly chart of Kaz.
uk.advfn.com/p.php?pid=chartscreenshotsh...VM%3D&symbol=L%5EKAZ
This is close up of the same chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...vI%3D&symbol=L%5EKAZ

Would you not agree there is divergence on the rsi??
Is this not a sign a bottom may be forming??

Or this not really a reliable enough indicator?

I think i may have got this completely wrong(usually do), and would really be intersted in your views on RSI divergences please.

Thanks in advance.
Trendfriend.