Interim weekly Ichimoku chart with Hawkeye volume.
Price action has now fallen through the base of the weekly Ichimoku cloud. As per my previous post all Ichimoku indicators would have traders sitting on the sidelines , neither long nor short (and these indicators remain in this state).
It looks like the long term zone of horizontal support and resistance between 33.5cents and 77.5cents could come into play again. Just goes to show that valuations in this sector are/were based on hot air, a classic case of stock peddling and distribution IMO.Esh
KDR Price at posting:
$1.18 Sentiment: None Disclosure: Not Held