I've been looking at these weekly green histogram candles. The zero line cross on the weekly is a very signifacant bullish indicator. The monthly chart has now also completed a bullish cross and is headead north. Still not overbought reading on the weekly or monthly so plenty room to move.
Were on our 3rd green weekly histogram candle atm. Went back and had a look at all last 3 candles prior to significant rises. Averages rise was about 45% from last closing price on those specific histo candles. If we get a repeat just on some news flow and results expecting similar 45% move perhaps from current prices puts us around 10c.
Monthly candle also stepped out of long term/medium term downtrend OHR. Similar candles on the monthly have been at a bottoming range. And not signifying having even begun to run.
KRM Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
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