KGN Charts, page-1269

As U001 pointed out, there is nothing wrong with this quarterly. It was expected that the company would need to right size it’s inventory holdings and absorb additional costs in an overweight inventory position. It was also broadly accepted in the market that the company would deliver this number and they have. When there is nothing out of the ordinary and nothing outside of expectations, do not expect any rise or fall, just more sideways action until an unexpected news (be it positive or negative) is delivered.

At all other times, the expectation is for sideways action. Unless there is a sector rotation or a more macro movement throughout the market.