Brotank77

Break out possibly ahead

Long
NASDAQ:KBSF   None
KBSF has had some nice spikes in the pass. Looking at the EMAs, I noticed that EMA9 was above EMA20 and EMA20 was above EMA50. All of these EMAs are really close together and only pennies apart. AS the EMAs also serve as resistance levels, the closeness of the EMAs makes buying this stock more appealing to me. Also, price has broken the EMA200. EMA9 is bound to break EMA200 soon. I don't like how the candle is touching the top of the Bollinger bands. I'd prefer to buy at the EMA9 which would mean the price dropping. Of course the bands could expand upward. No target price. Based off previous spikes, possibly high returns to a low risk. Again, feel free to share your opinions.
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