Chart Update, page-20743

Some technical analysis, don't want to post anything too eyesoring with EMA, MA, Bollinger etc....but looking at the weekly candles with Fib retracement, abit positive but not definite, higher low, $5.04 and $5.14, $5.6 seems to be a resistance for now, need it to break or down we go again, which is very possible, just look at the chart around begining of April, $7.68-$8.45 dead cat bounce, touched upper channel of the downtrend, tried to break, failed, down it goes again and also towards end to April, $6.84-$7.54, and then the downgrade news, trend heading downward even faster.

KGN turned head around the same Fib retracement level from $8.70-$10+ in one day closing the gap, sure tech sector not milk but if a2m can hold the line, next week we could see $6+, or if it turns head downward again, $4.7 next or even under $4 is still very possible. I would love to see the $7 gap closed first for a positive sign, or if you are one of the fearless, look for it to break $6, that's a possible trend reversal at play.