On 28 Mar, I have written on Kreuz when it was trading at $0.485 (See http://www.sharesinv.com/articles/2013/04/02/kreuz-holdings-good-results-strong-chart-low-valuations/). It has since appreciated 63% to a high of $0.790 on 21 May before retracing to the current level of $0.690. With reference to Chart 1 below (dated 3 Jul 13), Kreuz seems to have completed a bullish flag formation on 3 Jul after it broke the resistance of 0.685 with volume expansion. Total volume transacted on 3 Jul was 4.35m shares which is more than the average 30D volume of 3.5m shares. This is also the highest volume reached since 12 Jun. Chart 1: Kreuz breaks out of flag formation. […]