KRR 7.69% 1.4¢ king river resources limited

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  1. 1,474 Posts.
    lightbulb Created with Sketch. 832
    I get people are cynical, but before jumping to conclusions lets apply some logic..

    We need to expect some resistance between the 3.3-3.6c zone.

    1. Stale stock from the 3.3c SPP could be coming onto the market
    2. Historical resistance at the 3.6c level
    3. The 200dma is right on 3.5c and is acting as resistance as pointed out in your post

    The past few days have demonstrated clear accumulation on significantly elevated volume, with news due things could finally be turning up.

    I certainly wouldn't be throwing out the old PnD lines just yet

    https://hotcopper.com.au/data/attachments/2828/2828895-2528f4e4c2bba56eac4de64ff17bed00.jpg
 
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