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Kreuz Holdings: An Opportunity To Buy On Weakness?
Trend Spotting | 22 July 2013
By: Robin Han
Articles (102) Profile

Kreuz Holdings has been in a long term uptrend for quite a few months. From the weekly chart, we can see that it has been going up since June 2012. The weekly chart also indicates that the stock is still in a long term uptrend.

From the daily chart, we can see that the stock went up strongly in July after Bernanke declared that quantitative easing is not likely to finish very soon.

Although Kreuz pulled back a bit in the past few days, it can be seen that the volume was low indicating that the sellers are not strong. This stock is likely to resume uptrend after the short term consolidation. One may look out for opportunities to buy on weakness during the pull back.

Kreuz released its recent quarterly report on 9 May. It is not likely to release another financial report to bring unexpected short term volatility to the price before the end of July.

Weekly Chart Of Kreuz Holdings

Daily Chart Of Kreuz Holdings

Robin Han is a Ph.D in Department of Chemical and Biomolecular Engineering and has got a solid foundation in the financial markets.

Please click here for more information about this author.

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