KLang

KLang

Adam & Eve double bottom has hit (and gone above) $55 target. Anyone who does Harmonic may be able to define this (crab, butterfly, bat) - I'm not sure, but it looks to me that it may be one.

KLang

Looking god to 62.15 where it might struggle with resistance

KLang

See notes on chart

KLang

See chart for notes

KLang

See chart for notes

KLang

A closer look: See chart for notes

KLang

See chart for update

KLang

See notes on chart - a break above the 200 would be bullish, confirming a cup and handle

KLang

Tricky - could be a descending scallop; could be a cup and handle (forming now) Moving averages look promising

KLang

Ascending & Inverted Scallop w/o the 50% re-trace. Looks nice nonetheless. 8 x 21 today. MACD x yesterday. Stoch looks overbought, I'd like to wait for the 8 day to catch up

KLang

Looks good to 35.44. Wait to see how it handles that area. Bounced off 50 day. 50 recently crossed over a flat 100. MACD curling up. I'd really like to see 100 day start to curl up.

KLang

Showing both a rising bear wedge and IHS (a little bit sloppy). Larger chart presents a large ascending triangle, now broken out. Looks like IHS will win. Target 95-96

KLang

Just wanted to show a nice example of MACD divergence which foreshadowed a change in direction

KLang

Weekly chart presents resistance nearby and a large bear wedge - target $44. Should take several months to play out. Wait for break below 75.00

KLang

Possible Descending Scallop with bear wedge kicker

KLang

See notes on chart. May be bullish for a short while.

KLang

H/S vs. Bull Wedge. I'm leaning towards H/S as today's move was to be expected based on the tiny wedge and oversold Stoch condition. If we break above the purple trend line, bull wedge in play. 50 crossing below 100 two days ago would suggest otherwise. Stoch is no longer oversold. A break above 65.32 would mark a higher high and confirm a reversal. Other...

KLang

This could also be showing a huge IHS, although the left shoulder is weak at the neckline. With worldwide data so grim, though, one would have to question what could be so very, very bullish? Emerging markets are slowing (BRIC), China, Japan and EU are flirting with recession and the US has high unemployment and so-so data points. The high price of corn and...