KDR kidman resources limited

why???, page-15

  1. 17,208 Posts.
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    Certainly not a good chart.

    RSI levels indicates that SP is now in oversold territory and volume has dropped off in recent days.

    Selling from instos appears to have stopped but I'm not convinced that they have completely finished at this stage.




    Only catalysts I can see going forward for the SP are:

    1. No more sell downs by instos
    2. Another round of buying on market by directors
    3. Good results from current drilling at Donkey Key
    4: A surprise in resource estimate (JORC) at Home Bullion.

    Personally I believe the JORC at Home Bullion will be the main catalyst for the SP although I not convinced that Soaraway have finished selling as yet.

    Please DYOR to supplement the info stated above.

    Haplo
 
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