GKE Corp- On Our Watchlist Again

GKE Corp- On Our Watchlist AgainGKE

GKE once again back in our watch list after a nice run up since we blogged last month. GKE as you can see it resisted by the downtrend line which we drew.

Possible scenarios that could play out. It could retrace a little to the second support line of around 0.174 which we might consider an entry Or if it can breakout from that resistance line of about 0.183.

Support would be at 0.173

Our concern is that the simple moving average is kind of closing in together so it might signal a change in trend but if the price starts moving up then the SMA would start moving apart.

On the other hand the EMAs are still apart. So let’s watch it closely the next few days.

Yours

Humbly

Kelwin&Roy

GKE Corp – Ran Up As Blogged Yesterday

GKE Corp – Ran Up As Blogged Yesterdaygke

GKE Corp ran up today after we mentioned it last night. Using simple technical analysis and a trendline  which we drew for all to see last night yield quite a positive result. It does take some time to learn to draw those trendline but we’re happy to teach..Volume came in around afternoon and it broke past the horizontal resistance of 0.185.

GKE Corp was up close to 5% intra day but we always like to go slow and steady. We’re still hopefully for our 0.194 target but will access the situation accordingly.  GKE Corp was the few stock that closed up despite the weak market sentiment.

Remember your trailing stop loss and have a great weekend .

Yours

Humbly

GKE Corp

gke

GKE has broken out of its downtrend line and is on our watchlist. The volume wasn’t as good as we hope for it to be hence we are watching it for the next few days to see if it can sustain above the downtrend line.

Our entry could be from 0.182 -0.183 with an upside target of 0.194. We can see that at 0.185 there is some resistance but it should be able to clear it if volume comes in.

Our stop loss would be about 0.170. So we would manage our trade size for this trade.

Yours

Humbly

Kelwin&Roy