Eastman Kodak Color

As seen below EK shares had massive distribution (highlighted by red arrows and circle) This distribution was a cathartic puke if you will. Now will potential future supply (sellers) already absorbed at lower prices EK shares should have an easier time advancing. Please note how recently all the heavy volume days are now on the upside (highlighted by Green circles and arrows). The recent consolidation after the high volume breakout looks like a classic continuation pattern to move higher. The measured upside move (black arrows) is $ 6.50.

Print Friendly, PDF & Email

Read this next.

Posted Under

Uncategorized