gogreen not for a while, and now we get back to another factor...

gogreen not for a while, and now we get back to another factor which comes into technical anaysis and momentum and burtn investors.

Most larger traders will take a look at the chart and see that it boucned dropped and then recovered slightly but with some volatility - plus all the shareholders that have got singed fingers from this will be wary. Day traders have moved onto new stocks ie fdl, rsi, rrs again etc.

So disappointed by the drop many will be wary of reinvesting unless they really deliver something good, it may reach 20c but its going to take a lot longer

Momentum indicators ( RSI - MACD-H and bollinger bands will be indicators to watch) plus a lot are still holding and wont take profits till or if it hits 30c ( so if it rallies to 20c youre going to have a lack of new buyers and perhaps a lack of wililng sellers in which case volume will dry up or the sellers will just sit a few ranks up in the depth and scare away buyers)

could be wrong and some will disagree but i present a technical anaysis case here from an unemotional perspective as i did a few weeks ago using the above mentioned triple indicators ( RSI - MACD-H and bollinger bands) and down she went

KAL held up a bit better as its RSI was a bit more supportive