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KAZ - time to short?

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8 years 11 months ago #14570 by Trendfriend
Replied by Trendfriend on topic KAZ - time to short?
This to me still looks to be in buy the dips mode......

Any p/b's to the (or close to) the 50 day ema line is a buying opportunity imvho. with a stop below the pivot at 432p.

That was a big move down Friday, but it bounced back, until we get a lower low, the uptrend is intact imho.
shorting is against the trend and high risk.....safer look for big to go long....but wdik....

atb, wdik, dyor,
trendfriend
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9 years 11 hours ago #14567 by Austin67
Replied by Austin67 on topic KAZ - time to short?
Managed to sell at the bell on Thursday, glad I did. However, disappointed I didn't notice this (IMO) near perfect shooting star; would have been nice to have been short going into Friday - hope someone managed to make something of it!

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9 years 4 months ago - 9 years 4 months ago #14225 by Trendfriend
Replied by Trendfriend on topic KAZ - time to short?
Kaz Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...F5YTfxttHmUB7+AtbR0=

you could well be right Austin, that trendline you have may hold, given that the rsi is well overcooked at 80/100.
I just don't think it's worth trading against the trend here, especially given the poor r/r basis and target for any shorts.

with all three moving ave's pointing up, and even the trend channel has been busted higher, the right trade is long imvho.

look for a p/b to the 20 day ema as a buying opp, with the broadening triangle giving a best case target for the upside at 400p+ ;)

as always imvho, dyor, wdik and atb,
Trendfriend :)
Last edit: 9 years 4 months ago by Trendfriend.
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9 years 4 months ago #14224 by Shotry
Replied by Shotry on topic KAZ - time to short?
I actually have it a new high. Also technical resistance is exactly here (268-276 is my view). If it were to break that resistance, it might fly higher. Might be wise to wait for more evidence that the move up is tired. Daily and 4h trends look quite strong at the current time.
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9 years 4 months ago #14223 by Austin67
At the upper limits of the channel, been overbought on the RSI for a while but price no longer making new highs. Thoughts?
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