Join Dstockmarket Telegram Group

Join Dstockmarket Facebook Page

Technical Analysis Of Karex

Karex is in a very bad downtrend whether long term or short term. Therefore, this stock might not be an ideal stock to buy right now. There is still no end to the downtrend.

When you have a stock that is in a downtrend in so many time frames, it is best to stand aside in this stock.

Let us take a look at some of the charts below to see what is happening to Karex.

technical analysis of karex

The chart above is the daily chart of Karex.

As you can see, this stock is in a bad daily downtrend. A stock that is in a downtrend will keep going down till the trend changes. It broke an uptrendline and proceeded to move lower. Then a few days ago, it broke below a consolidation box. This is usually a bearish continuation pattern and will usually send the stock lower.

The fact that the stock stays below the declining 200 MA shows us that this stock is very bearish in the long term.

The chart above is the weekly chart of Karex.

It has made a complete Stage 1 to Stage 4 cycle. From boom to bust.

Recently, it has broken below a long term support area and this is extremely negative for this stock from a technical point of view. Therefore, there is a big possibility for this stock to move lower.

How low, I do not know. There is no support area to watch and therefore, one should remain bearish on this stock till the trend changes.

Last of all, this is the monthly chart.

You can see that it is so bearish even in the monthly chart. The stock actually warned investors back in early 2016 that it was topping out. There was a very big monthly super topping tail and then the stock broke a long term uptrend line.

This is a stock that is very bearish.

If you plan to buy this stock, perhaps you might want to consider another stock that has more potential.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. Chart Lesson February 4th Week 2021

    Feb 25, 21 07:54 AM

    In this week we will have a look at VUZI, KSS, PBCT, CBRE, SPG, KPOWER and the lessons from their chart.

    Read More

  2. Chart Lessons February 3rd Week 2021

    Feb 17, 21 09:44 AM

    In this week's chart lessons, we will be looking at NVDA, SPX and KLCI, LKCO and MVIS.

    Read More

  3. Chart Lessons 2nd Week February 2021

    Feb 10, 21 08:10 AM

    Let's take a look at the SPX and MSFT, TLRY and KGB this week. Continuation patterns can be strong indication of bullishness.

    Read More

  4. Chart Lessons Feb 2021 1st Week

    Feb 04, 21 12:21 AM

    In this week chart lesson we will have a look at the S&P 500 as well as Top Glove and also Bitcoin.

    Read More

  5. Chart Lessons 4th Week Jan 2021

    Jan 25, 21 10:59 AM

    This week's chart lessons. Some interesting developments in TSLA and AAPL.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.