KEA
Dear Judy,
I have great respect for you as a trader and as an analyst.
I am looking at some charts today, and notice how badly KEA has sold off lately.
In the past, I have seen KEA in the 20s and thought about taking a position, did not pull the trigger, have seen a nice gain and have been disappointed to have not taken any position. Other than general sector weakness, I have not seen anything specific to KEA to indicate any fundamental weakness at this time.
So let me ask you this, given that KEA is at a level where it is below any kind of support I can see, would it make sense to enter a position when it crosses back above its 10 day EMA, which is now slightly below 27 ? This appears to have been a decent strategy in looking at historical charts. Entry now at a point below any kind of support seems too risky, and I've never been a good bottom fisher.
Your opinion is a valued one to me.
Thank you and best wishes,
David |
