$2.28 is major support line, very volatile nerves frayed.
28/04/2014 17:34 - Karoon Gas Australia ST: short term technical rebound towards 3.08 before a new drop KAR.AX
Click here to see our chart: http://www.tradingcentral.com/chart/KARAUD140428092855.gif 3.08 is our pivot point.
Our preference: short term technical rebound towards 3.08 before a new drop.
Alternative scenario: the upside breakout of 3.08 would call for 3.31 and 3.46.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above its 20 day MA (2.63) but under its 50 day MA (2.8).
Supports and resistances: 3.46 ** 3.31 * 3.08 ** 2.98 2.69 last 2.41 2.28 ** 2.15 * 2.01 ** ---
KAR Price at posting:
$2.45 Sentiment: None Disclosure: Held
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