KRR 0.00% 0.9¢ king river resources limited

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  1. 349 Posts.
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    Very much depends on whether the volume we saw on Friday is the peak of this run, because there's a clear trend recently of the volume spike, and the share price hitting its peak and receding for a week or so:



    That said, it also depends whether that trend is even going to continue, because we've now also crossed above 0 on the MACD...

    If the trend does continue, however, and we have hit the volume spike (and thus price peak), the price could fall back to the 9.0-9.2c range (black line, being the short term bottom trendline), or even further to the 8.7-9.0c range (faded red curve, being the bottom trendline of what might be a rounded-bottom) - but I doubt the latter.
 
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