NKP defintely broken out - as i said before, its first resistance point is the 38% line at about 46cps, then 50% with 49cps and 52cps for 63 and finally 61.5cps for 100%
Technically there is little volume resistance since middle August 2008 at around 83cps.
I think this is the 3 wave and the 50% Fibannaci extension could easily be tested again if not 100%. The retrace of this wave could either be 38% (38.5cps) or 50% line (36cps). Either of those two numbers would be a nice re-entry point i think.
For me these technicals are largely academic, in the sense my significant parcel is held for the MT-LT. I do trade these momentum blasts for income however.
NKP Price at posting:
41.0¢ Sentiment: LT Buy Disclosure: Held
