ZLBT Chats

Tuesday, May 14, 2013

KPS (5843) to retest support before advancing

KPS (5843)
KPS has tested the support of 1.17. It is important to monitor the price volume action near this 1.17 level to determine whether the rebound is sustainable.


One of the most important aspects of this indicator is to keep in mind, that the positioning of the "dots" (aka bubbles) is used by traders to generate transaction signals depending on where the dot is placed relative to the asset's price. A dot placed below the price is deemed to be a bullish signal, causing traders to expect the momentum to remain in the upward direction. Conversely, a dot placed above the prices is used to illustrate that the bears are in control and that the momentum is likely to remain downward.

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