I believe KULR is going to offer us a long term opportunity that we rarely see.
I leave it up to the reader to do your own fundamental research, which I have done on my own and I have been convinced for quite some time - between both their core business receiving multiple large contracts and also their CEO's recent investments into bitcoin.
But I am a technical trader. And while I read a chart based on it's price action, it's even better when the stars align and I'm able to believe in the company too!
So here is my technical reasoning behind what I'm calling a "Once-a-year" opportunity - one that I believe can yield a 3-4x+ result if held confidently.
Background:
On a weekly chart you'll see that we've had many spikes and have toyed around in the teens multiple times. (You'll see moves higher but don't forget that this recently had a reverse stock split so keep that in mind when viewing this chart.)
Now prior to this stock split, since May, I was posting videos explaining why this will continue to drop until we reach our HTF target - to about .70 cents (pre-split. At the time, we were sitting around $1.30 and the bulls in the neighborhood were ready to blast off. So I was essentially just posting videos trying to warn everyone to wait.
At that time as well, we were selling down a strong red algorithm on the Daily - and you can see the massive gap down that happened when the reverse split was announced and continuously after it went into action.
Now enough with the background:
We have a beautiful tapered selling white algorithm that has been present over the course of this chart that allows for bullish liquidity to be built prior to breaking out. The bottom white algorithm that you see (that we are currently respecting and selling in) is a long-term algorithm that goes back over 3 years of price action.
You'll also notice the green demand box drawn that we have been playing around in since the split - that is a weekly demand dating back to a move that propelled us to $43 (post split price).
The buy that I've identified is sitting at around $4.70. I'm looking for this to be an area where both the white HTF algorithm is proven as well as the lower time frame teal algorithm (which you see is what is currently guiding us on the LTF and has allowed the breakout of red strong selling).
My Entry Plan:
Since we have the luxury of a LTF algorithm in teal, I am going to start averaging in smaller positions as we hold and prove the sell-side of teal. However, the bulk of my buy will be at around $4.70 wherein we prove and hold the white algorithm. I will have a tight stop-loss sitting below the large HTF demand zone (at around $4.50) which is why this trade can potentially yield a LTF R:R of 13 and HTF R:R of over 50!
I know this is not a trade we can take today or tomorrow like the BILL trade I posted about yesterday - BUT, this is one we can prepare for an expect to happen with continued price action heading directly toward our buy zone. Remember, I've been waiting patiently on this for over 3 months and I plan to continue holding out until we prove the HTF algorithms that are at play.
Happy Trading :)
I leave it up to the reader to do your own fundamental research, which I have done on my own and I have been convinced for quite some time - between both their core business receiving multiple large contracts and also their CEO's recent investments into bitcoin.
But I am a technical trader. And while I read a chart based on it's price action, it's even better when the stars align and I'm able to believe in the company too!
So here is my technical reasoning behind what I'm calling a "Once-a-year" opportunity - one that I believe can yield a 3-4x+ result if held confidently.
Background:
On a weekly chart you'll see that we've had many spikes and have toyed around in the teens multiple times. (You'll see moves higher but don't forget that this recently had a reverse stock split so keep that in mind when viewing this chart.)
Now prior to this stock split, since May, I was posting videos explaining why this will continue to drop until we reach our HTF target - to about .70 cents (pre-split. At the time, we were sitting around $1.30 and the bulls in the neighborhood were ready to blast off. So I was essentially just posting videos trying to warn everyone to wait.
At that time as well, we were selling down a strong red algorithm on the Daily - and you can see the massive gap down that happened when the reverse split was announced and continuously after it went into action.
Now enough with the background:
We have a beautiful tapered selling white algorithm that has been present over the course of this chart that allows for bullish liquidity to be built prior to breaking out. The bottom white algorithm that you see (that we are currently respecting and selling in) is a long-term algorithm that goes back over 3 years of price action.
You'll also notice the green demand box drawn that we have been playing around in since the split - that is a weekly demand dating back to a move that propelled us to $43 (post split price).
The buy that I've identified is sitting at around $4.70. I'm looking for this to be an area where both the white HTF algorithm is proven as well as the lower time frame teal algorithm (which you see is what is currently guiding us on the LTF and has allowed the breakout of red strong selling).
My Entry Plan:
Since we have the luxury of a LTF algorithm in teal, I am going to start averaging in smaller positions as we hold and prove the sell-side of teal. However, the bulk of my buy will be at around $4.70 wherein we prove and hold the white algorithm. I will have a tight stop-loss sitting below the large HTF demand zone (at around $4.50) which is why this trade can potentially yield a LTF R:R of 13 and HTF R:R of over 50!
I know this is not a trade we can take today or tomorrow like the BILL trade I posted about yesterday - BUT, this is one we can prepare for an expect to happen with continued price action heading directly toward our buy zone. Remember, I've been waiting patiently on this for over 3 months and I plan to continue holding out until we prove the HTF algorithms that are at play.
Happy Trading :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.