Quiz- What would you do with this opportunity?

kimblecharting's picture

Below looks at an asset that has been hit very hard over the past few years. Could it be presenting an opportunity?

CLICK ON CHART TO ENLARGE

This asset is testing the top of a three-year trading range and testing 10-year falling resistance at (1).

What would you do with this opportunity?

If you would like to know what this potential opportunity is, send us an email to services@kimblechartingsolutions.com and we will send you the answer to this chart later in the week. We shared this opportunity with Premium and SectorMembers last week and have established a game plan for this asset.

 

Why do you see very few comments?  Because the Power of the Pattern provides all you need to see what is taking place in an asset and determine the action to take

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Mazzy's picture

The word "opportunity" is itself biased language geared to steer the test taker in a certain direction.

Better word choice would've been something neutral like "situation" or "present dynamic".

Crazy Or Not's picture

Your commodity consistently dips around 3rd Quarter. Nope. 

Iconoclast421's picture

Until it actually breaks past that trendline, its bearish. Because it has not made a lower low, I wouldnt even bother shorting it. I'd just stay away from it.

kimblecharting's picture

Fine observation Iconoclast...and you answered the question correctly by focusing on the pattern and sharing what you would do instead of guessing at the asset, which is not the point here.  If you would like the chart of the asset we sent to our paid subscribers, send an email to services@kimblechartingsolutions.com and I'll forward to you (you will not be added to any email list either).

thanks for giving this a look 

Rick Bertino, Kimble Charting Solutions

Conax's picture

I think it's a barrel of crude.

What do I win?  Send the cash to

Conax the Chimerical

1313 Mockingbird Lane

Gofugyoseff, Indiana, BR549.

kimblecharting's picture

Conax

if you know the asset, and it breakouts out, and you buy it, you win if you bought it.  Email me if you want to know the asset and info we shared with our paid subscribers (and I promise you won't be added to any list) email me at services@kimblechartingsolutions.com

thanks for commenting

Rick Bertino, Kimble Charting Solutions

GeezerGeek's picture

Why haven't we heard from the proponents of SheepDipWave? They're the ones who know all the correct answers.

Squid Viscous's picture

sell the piss out of it, with a stop at 11.30...

what did I win?

Ben A Drill's picture

Looks like a gold miner or junior gold miner ETF or a chart of the HUI.

I forgot to answer the question: What would I do.

I would double down on the exact guns and ammo that I already have. Yes, buy two of everything I already have, just for backup or parts.

Arnold's picture

It is an equity that has not been inflating it's shareholder value by making it's shares scarce.

Probably doesn't pay an inflated dividend, by borrowing at zero to pay that dividend.
Prolly still uses GAAP accountants.
No lobbyists to speak of, and reinvests in capex.
Took the big hit in 2009 and 20011 and recovered price a bit.
Probable PE of 11 to 15.
No strong market or product breakthrough, strong legacy sales or brands,maybe.

Arnold's picture

if it is Voltalia, I'd drop kick it to the ash can.
ABY, Ameresco... a lot of these alt energy companies may have discovered their price, and similar declining shareholder value..

DeadFred's picture

I used to enjoy Kimble Charts but I don't have enough interest to pay for cheap thrills. Too bad, I used to be able to guess some of these.

kimblecharting's picture

Would you be willing to look at a sample of our paid research to see what we actually do outside of the free blog?   I think you will find there is real meat with specifics on these patterns, including trade alerts

thanks for the comment either way 

Rick Bertino, Kimble Charting Solutions

Arnold's picture

I just saw a Twitter chart of the same pattern.

kimblecharting's picture

Arnold, was the chart from Chris's twitter feeds?  https://twitter.com/KimbleCharting

thanks for giving this a look 

Rick Bertino, Kimble Charting Solutions