KCMH Holdings Corp. (OTCPK: KCMH) consolidated as it closed up 1.45% on Monday.
What's impresses me so much about this healthy uptick is the fact that (1) sellers booked profits (2) share prices still increased (3) the dollar volume was only about $133,898...and that figure could increase.
That being said, if the dollar volume entering the stock continues to increase... then the additional momentum could cause an increase in share prices.
Here's something else to think about:
KCMH still traded 975,458 shares which is somewhat close to
twice the 10-Day Average Volume of 511,789. Combine that with the fact that trading towards the end of the day was heavily weighted in favor of the bulls... this stock could return to higher percentage gains in the trading days ahead.
Below is a quick snapshot from a technical standpoint:
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Below is an updated "opinion" of KCMH from Barchart.com...
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As KCMH.PK continues to witness accumulation, traders could see a corresponding increase in share prices.
Watch KCMH.PK trade since it is poised to move upwards.
Best Regards,