KPO Chart Thread, page-150

Following on from last week. That high volume bar I was thinking was final capitulation was followed by several (decreasing) sell volume bars...key here being decreasing volume bars! I'm thinking that if there was more significant supply at these lowers levels, they would hit the 1m order sitting at 6.5c. What we can see on the 15min chart is a descending triangle with support on 6.5c whilst an uptrending RSI and an ascending triangle on the MACD still in play, both indicating divergence. Bottom line, this feeds into a heavily oversold daily chart which is bottoming and likely to reverse very soon!