Price action finding support at the 16c level where the new holder of the Altium line has entered the stock.
My guess is that this level will be defended at least in the short term. With the sub holder who had been exiting on market over the past couple of months now gone we could easily see a push back to the topside of the range at 22c in the short term for KTG.
RSI just missed printing an oversold reading with the MACD jaws starting to come in from their wide positioning. Certainly plenty of room to move from down here.
Iam happy to take a punt down here in KTG.
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Worth having a look at the zoomed out chart to see the historical support levels for KTG with a few levels evident in the mid to low teens.
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