My chart shows that we are within a couple of cents of a major support level and because of the trajectory, the support level is getting higher each day. There is a already a large buyer in position on the stackings hoping to be filled. We actually broke the all time high of .655 cents by half a cent a coupleof days ago. Normally when a trend breaks down, it fails to take out the high in the first instance. Because it did break it I would expect the .655 to be retested on the next leg up. There is resistance just under it at .63 cents. As you know, this is not an exact science but the facts are that there is no negative news at all to break the upward trend which means support should come in very quickly to support. We have had regular wild swings over the past couple of weeks. My opinion only.
KNL Price at posting:
47.0¢ Sentiment: LT Buy Disclosure: Held
