KepCorp had been in a big distributive mode since Jan this year. Looking at how the BB in this stock time his operation on rallies and reaction, it makes one ponder, is this stock trending higher, reaccumulation, distribution or would it breakdown further? This is an easy to trade stock if you know how to, however there are many questions as to what is the BB trying to accomplished in the bigger picture.
Looking at the entire campaign, I believed Kepcorp has ran it's course on the upside. However, the stock was supported last Friday and another rally will happen for more distribution. To confirm it's bearishness, I shall judge how much demand appears when the rally appears and how long is the selling wave if it would happen from now on.
Update 15th August 2011 00:06 AM:
After posting on August 7th 2011, KepCorp revealed it's true colors by it's continuous precipitous downfall, which is to say that the entire trading range was INDEED distribution!
Ronald K
