Day traders' after-market lounge May 11, page-44

KSN 23 weekly is currently capped by bothe the 50sma and the 8ema. price pulled back to test the 200sma but was unable to bounce above the 50sma. and profit takers pared price back to the 8ema

The KSN 23 daily chart effectively capped by the 50sma since about December last year. Price is still below the upper trend channel, the 50sma and the 34ema so even if price breaks higher above all those there is still a 200sma overhead too. The price target is around 30 cents