Kaza- Long or short?

Currently retesting the breakout point at circa 800.

possible long for today only if that gap fills at 778.
stops below 766




This is only for today

dyor

Would love to know anyones thoughts on the current KAZ chart

Inverse H&S short-term trade maybe?(to £10-£12?) Pre New Chinese leadership change (copper usually goes up Chinese New Year in February, but may be delayed this time to March with 000,000's of government positions changing). Just to add a bit of commentary.

Conversely the longer-term charts show a slanted tripple top since 2008 lows? on the way down maybe not in the short-term?

Certainly active today with this strong profitable company.


15/01/2013 16:03 781.50
15/01/2013 16:01 787.16

Question for Remo or anyone.

The H&S and Inverse H&S in the learning section are over about 4 months each, if Inverse H&S for KAZ that would be over a year, is that still valid?

I know is dangerous to go long now, when indexes are due for reversal but this one has a lot of supports in 735-725 area
-38.2% fibbo taken from 05/09/2012 low
-61.8% fibbo taken from recent wave 2?
-Trend line
-200MA and 100MA has just crossed