KLL 0.00% $7.28 kalium lakes limited

I have been watching over the technicals of KLL since its...

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    I have been watching over the technicals of KLL since its breakout on the 20th of October to its high of 0.23 in November. The retracement of 50% was exactly what I expected as seen with the stock finding solid support at this level. RSI is above 50 as well pointing towards and uptrend. Additionally, the K% line has surpassed the D% line on the slow stoachistic. MACD divergence as seen from the lower price action but the uptrending MACD line is illustrating increased momentum. Now 50% is the most common retracement for stocks in an uptrend before I resumes the original trend. Now just waiting on more new to act as a catalyst to propel the SP further in 2021 for plant commisioning in July. Good luck to all holders and may our patience and research reap us rewards. Note I like to use 4 hour charts as I find the consolidation of the price data more reliable.https://hotcopper.com.au/data/attachments/2766/2766515-ff047da01adb77f5fa989c14e4a283f5.jpg
    Last edited by Freeman02: 29/12/20
 
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