DerpyToast

DerpyToast Updated 

Do you think we're entering the Markdown phase and will start re-distribution soon? Or is this a small stepping stone during the Re-accumulation phase? Sorry my crayon skills arent that great :0

DerpyToast

Potential false breakout from the wedge. - Still no clear direction while it accumulates. - Having difficulties re-testing the $14 area but the more accumulation that occurs here before the next catalyst the better the run should be. - Be careful trying to swing trade in this area. Manage risk! - I'd be happy if it stayed in this range for the next few weeks...

DerpyToast

I think we've entered an accumulation period for KCS. Previously it retreated almost 68% from $6.9 to $4.7 before trading between $3.9 and $5.4 mark for an extended period of time. It lasted more than 30 days from the peak before the next big run up. I think this accumulation phase will be similar, we've already retreated 45% from a high of $20 to a low of...

DerpyToast

I saw it mentioned that we may have hit a double top and to position for a short sell. I think we may have found a cup and handle with the handle starting to form at 2/3rds the depth of the cup. If buy volume starts to pick up over the course of the day we may break the previous high. Do you see something different?

DerpyToast Updated 

Last time KCS more than doubled (from ~$3 to ~$7) it retraced just below 0.382 fib. Will it perform similarly again? I think that, since it has held closer to the most recent high over the past few days, we won't see it fall back as far as it did last time, but maybe still end up close to the .5 region at its lowest. MacD is also approaching a bearish cross much...