Breakout ExampleTake a look at RCK, another stock I was invested in recently. You'll see a very similar chart pattern. RCK began a recovery from a terrible downturn just as KCC has.
On July 15th RCK rose to close at $.68. For the next few weeks it consolidated and bounced between $.65 and $.55. Then on Friday, September 9th the stock rose and cleared the previous high point closing at $.70.
The following week the stock broke out, doubling in the process and closing at a high of $1.42 with intraday highs exceeding that price.
The pattern is very similar to what we have seen with KCC in recent weeks. Does this mean that KCC is certain to double next week? Of course not, but the patterns are very similar.
And by the way, that doubling of RCK was not a result of SH hype as there was very little, if any, bullboard participation prior to or during the run up.
Let's see what happens in this coming week.
Chipshot2