KRL kangaroo resources limited
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20 day moving average 17.8

  1. really
    1,749 Posts.
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    04/01/11
    17:12
    Post #: 7685613
    would have thought a retrace to the 20 day moving average wouldn't be unexpected for KRL. (17.8c)

    Should rebound strongly from here as it is looking like getting into oversold territory.

    Would expect a return to the recent highs on first coal sales announcement.

    The company must be re crunching all there numbers and resource figures as we speak.

    Not sure what is required for a management changeover.
    But I'm sure it will take a small while for new bods to settle in.



    KRL Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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