KTA 10.0% 1.1¢ krakatoa resources limited

Could be more to come. It's still strong, current retracement is...

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  1. 9,316 Posts.
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    Could be more to come. It's still strong, current retracement is modest-ish. On the move up from 5 it's still at about 38.2% Fib retracement, if it holds that it would be considered a strong signal on the move.

    A lot of traders seem to like the 61.8 retracement level, which would be at 6-6.1 right now. Even it closes the gap to 5.7 that's just getting back to home base on the 20 period moving average (yellow line below). We are set up to run and Colin couldn't ask for better conditions to be going into 2 potentially company making exploration programs.


    https://hotcopper.com.au/data/attachments/3542/3542337-f120b6c36e433f2d6866522c48a95fef.jpg


 
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