Kep Corp - possible saucer breakout???

The saucer or rounding bottom chart pattern is similar to the cup but it takes a much longer period to develop. This pattern usually develops after a strong trend collapse. It may take 3 to 6 months or longer to develop. The breakout behavior is similar to that seen on a cup pattern. The calculation of upside targets is achieved in the same way. The upper edge of the saucer pattern is established. The distance between this rim and the lower edge of the pattern is measured. This is projected upwards to set the target for the breakout. The important difference with the saucer pattern is that it is a trend continuation pattern. Once the breakout target has been achieved there is a higher probability the new uptrend will continue. Pullbacks are minor with a higher balance of probability of up trend continuation.