Chart looking really good.
Churning away and bouncing off once again from 1.9c for the now 6th time.
Like I said, last time this happened like this it was with PSC and back then it felt like it was something and that something was brewing and it then had a big breakout when news came out 1.7c to 7.2c in a month or so.
Not saying KSN will do that, although it has a far better chance given our low MC, Cashed up, land next to CXO and GXY.
The Flag formation pattern is still very much in tact and starting to come to the end of it's formation, so this will be telling, it's a bullish reversal indicator so things should start to push up now from here.
Also a dragonfly doji candle formation today, another bullish reversal indicator if it holds for the days end, when this appears at the end of a downtrend it's a signal that the current trend is finishing and it's going to reverse and start an uptrend.
Combine this with the Flag formation and it's all very bullish.
The MACD has possibly found it's bottom as it's in oversold territory and is now moving sideways and starting to turn up and the two lines are now start to come close together. Once the red lines crosses up above the golden line that's the buy signal and reversal confirmation on volume.
See how it plays out, I'm bullish on it but also Long on KSN, looking for multi-bags from this cheap MC of $13m
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