KDR Breakout of trading rangeKidman Resources has broken out of its sideways trading on the back of expected good news.
Tracing towards a convergence
resistance @ $1.48
Support @ $1.39
Waiting for a continued breakout to the upside for confirmation.
KDR
Threads in the needle to go shortThis is my first trading idea published here, mainly because all my capital is allocated and I don't have more to trade on this one, so I'll post it to start building some reputation. But don't follow me because I might be lost too.
Here we go:
ADX shows a short trend starting on the daily, still weak, but we can consider it to start the trade. On the weekly, the trend is lost, which might be influenced by the daily trend.
Bollinger bands are wide opens, indicating it's time to go in. Check.
Now the most important and special part of the idea: Didi index shows an "agulhada" which means the three threads going at the same time into a needle hole. Beautiful.
That's all we need to know to go short on KDR, IF it goes below 2.04 , it will try to get the 1.94 , then 1.84 and 1.75 . 1.64 is the performance bonus.
If it goes up we need to hold our enthusiasm, stay out and observe to see how it behaves.
Time will tell.
Don't worry about the other two indicators, I was taught to use them to get out of the trades.
KDR about to go feral $2.38 SHORTIf it doesnt 'feel' right...and for those that "dont do pnf charts"
the weekly will show the real intentions of the market makers
KDR $2.03 conflicted muchNice close friday, but my take would be distribution.
The more i look, the more conflicted i get.
Either ride it to resistance..if it makes it, or watch and wait.
