KAR 5.75% $1.84 karoon energy ltd

i'm in, page-2

  1. 86 Posts.
    KAR is not something you want to touch at the moment, look at slow stoch, it has become resistance, DMI and ADX indicate extreme strong downtrend. 61.8% retracement of 7.51 has been broken and it's now below EMA 200, it's heading below $7, expect to see $6.88, generally there's a tecnical rebound at the 50% retracement level, if not, I am sorry, $5.64 comes next.

    Don't buy in or top up at the moment, it's not the right time as yet, it's way too bearish.



 
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