KTTA bullish move coming?
KTTA looks poised to make a small to medium run short term.
BUT! THIS IS A PENNY STOCK, THEY DO NOT ALWAYS HOLD TRUE TO TECHNICALS! BEWARE! HAVE A PLAN! Plus, current volatile market conditions can cause investors to pull out of these "potential growth" companies.
My Plan to execute:
ENTRY: $1.24 TARGET #1: $1.40 TARGET #2: $1.45
PROFIT %: 12.9% PROFIT%: 16.9%
STOP LOSS: $1.15 RISK%: 7%
NOTE - If target #2 hits, it could be a hold rather than a sell for a possible hard bull move north.
WHY DO YOU BELIEVE THIS?
I - Leading indicators
a. Stochastic is bullish with a nice move north on the daily chart
b. RSI is a strength and directional indicator, suggesting the continuous bull move
c. Volume has steadily and dramatically increased, also suggesting expectations to be bullish
d. Candlestick patterns definitely show positive movement and a move bullish
e. Bollinger bands (shaded green area) beginning to squeeze, just like pinching a hose off, then a huge pop
II - Thesis
a. ARROWS ($1.40) indicate prior support, now resistance. Today's (11feb2022) candle so far has crossed crucial 8ema (yellow line) and looks to move toward 34 ema (magenta line).
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
BUT! THIS IS A PENNY STOCK, THEY DO NOT ALWAYS HOLD TRUE TO TECHNICALS! BEWARE! HAVE A PLAN! Plus, current volatile market conditions can cause investors to pull out of these "potential growth" companies.
My Plan to execute:
ENTRY: $1.24 TARGET #1: $1.40 TARGET #2: $1.45
PROFIT %: 12.9% PROFIT%: 16.9%
STOP LOSS: $1.15 RISK%: 7%
NOTE - If target #2 hits, it could be a hold rather than a sell for a possible hard bull move north.
WHY DO YOU BELIEVE THIS?
I - Leading indicators
a. Stochastic is bullish with a nice move north on the daily chart
b. RSI is a strength and directional indicator, suggesting the continuous bull move
c. Volume has steadily and dramatically increased, also suggesting expectations to be bullish
d. Candlestick patterns definitely show positive movement and a move bullish
e. Bollinger bands (shaded green area) beginning to squeeze, just like pinching a hose off, then a huge pop
II - Thesis
a. ARROWS ($1.40) indicate prior support, now resistance. Today's (11feb2022) candle so far has crossed crucial 8ema (yellow line) and looks to move toward 34 ema (magenta line).
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
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