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Wednesday, May 14, 2008

Kinstel. Breakout!


Congrats to those who traded Kinstel.

2 breakouts since my last posting on Kinstel.

1st breakout was the pennant breakout. The 2nd breakout was from the 1.540 resistance.

3rd breakout in the making? Immediate resistance is seen at 1.640. There was intra-day breakout but price closed at 1.640. Note the upside down kangaroo tail in today's candle. Stochs also hovering above 80 since last week. Took profit at 1.640. :)

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