So long as it can remain above its May low, $KODK risks giving us another “Kodak moment.” Divergence and local trend line support (so far) look good here.
Psychologically, it works because it’s traded in this range for ever. An eruption here would be expected by few. If it pops soon, we can target the orange box for the next wave.
[UPDATE]: I have lost confidence in some of these wedges, and so I am dropping this call. Since we are roughly where we were when I made this call, I will file it under “Cancelled Calls.” I will need to monitor the price action from here prior to making a new call.
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