Daily and earlier time frame charts are all indicating to be oversold at the moment and today closed within a support zone that i have identified. The last hour of today, volume picked up to accumulate at these levels. Seems to me that it may be due for a bounce soon. The worst case scenario (if fundamentals remain the same), the lowest it could go in my observation would be around $1.10 of the identified support range. However, my guess is that the short term down trend is more likely to end soon but the worst case scenario isnt impossible. Just less likely imo. Either way, i stay bullish for this company and these are accumulating levels from my analysis.
Not Financial Advice. Just My Opinion.
KZA Price at posting:
$1.20 Sentiment: Buy Disclosure: Held