Friday, May 8, 2009

NKP breaks out as predicted

I didn't get a chance to fill my order at 20.5c, only got as low as 21.5c and that was a small shame as it hit 29c today.

I hope that I can fill an order at the 20 day moving average price of 23.5c, which also coincides with some fibonacci levels, as I believe platinum prices as well as possible corporate activity is supporting this move.

Here's the chart..the first one, when I predicted it,




and the chart at today's close, less than 1 week later.



I'll try to initiate a 2.5k position tommorrow, and if it falls more or even breaks away more, I'll add another 2.5k.