TSXV:KUR.H - Post by User
Comment by
lookingtogetrichon Jan 20, 2000 12:53pm
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Post# 1255184
RE: lookingtogetpoor
RE: lookingtogetpoorThis current consolidation is all part of the larger shakeout process.
Let the weak hands get nervous and start questioning their buy decision.
Next week, as the 20 day MA starts approaching $4.80, we will see a sudden drop to the MA level. (MM's will trigger the drop and it will catch your stop losses and create a dramatic effect) Weak hands will cave in at a loss. The MM's move in and scoop up the low valued shares, repositioning themselves for the next run.
The drop and recovery will be extremely fast. Upward pressure will grow pushing us past the wall at $5.50 and towards $6.20. We will experience slight resistance at $6.20 but once we blow past that, the next resistance will be 8.00-10.00 area.
2 caveats to my scenerio
1) news - When it comes, the sky is the limit
2) major player deciding to get in. If someone were to decide to buy enough to take out the $5.50 in one fell swoop, watch for $6.20.
Schtuky, we are waiting for your buy in to take out the $5.50's. Anytime now is ok