RE:RE:Weekly TA of KL...Lemboy wrote: Please let us know what factors determined that $55.80 was a buy signal, and how will you know when next buy signal has taken place. Thanks in advance.
The golden cross at $55.80 in early July. Look up what that means with the crossing of the various moving averages. Its quite straightforward. I won't bother explaining here because others on the internet do a better job of that. The bearish trend doesn't show any sign of reversal anytime soon, hence my (and oldfx1's) comments above. Technical Analysis (TA) shows that, and the market news confirms that. Just wait on the sidelines, for now...