************** Potential Breakout: KLW. Price 0.044 ( When will the 0.046 and 0.047 clear ?)

KLW has been consolidating below 0.046 for almost 2 months already. Testing this critical resistance today again on TOP 2 volume. So far to no avail that it has broken up. You can see from the chart that it has formed higher lows since a month ago and staying close to the 20 DAY MA line, support would be at 0.40 currently. Potential upside to 0.50 the 0.054 if key resistance levels are cleared. Monitor closely for any breakout

Stop loss at 0.038

 

 

******** Potential Upside still intact: KLW. Share price: 0.038. (To clear 0.040 for more upside) - REPOST

20 January 2014

REPOST - Has manage to clear above 0.040 last Friday after posting. As mentioned, more upside as long as 0.040 holds as new support.

 

 

Sent: Friday, January 17, 2014 12:14 PM

KLW has been consolidating from 0.034 to 0.040 for about 2 weeks already. Seems likely to test the 0.040 again. Critical level to watch on more upside with the right volume. Can consider accumulating if it dips to near 0.034 support, also the 20 DAY MA support,  which it can also rebound from. A break above 0.040 can see it go to 0.045 to 0.050 fast before some consolidation again. Take profit along the uptick.

Stop loss 0.029.

 

 

********** Potential Upside still intact: KLW. Share price: 0.038. (To clear 0.040 for more upside)

KLW has been consolidating from 0.034 to 0.040 for about 2 weeks already. Seems likely to test the 0.040 again. Critical level to watch on more upside with the right volume. Can consider accumulating if it dips to near 0.034 support, also the 20 DAY MA support,  which it can also rebound from. A break above 0.040 can see it go to 0.045 to 0.050 fast before some consolidation again. Take profit along the uptick.

Stop loss 0.029.

 

******** Testing immediate resistance: KLW HLDG. Share price 0.035. (More upside to 0.038 and 0.04 resistance clears)

KLW is currently trading just below the 0.035 immediate resistance which it has been below since Nov 2013. Tested a total of 4 times including today but no breakout seen yet. Monitor closely for a breakout above 0.035 which can see it go to 0.038 fast. A slight Ascending Triangle Formation pattern formed since Nov 2013 can be seen. Aggressive traders can consider some long positions in wait of breakout. Huge Sellers 65m shares seen at 0.035 at the moment currently but volume remains high at TOP 10 volume which can signal an impending upside movement.

Stop loss at 0.029