Yeah we definitely need a volume supported follow through. It seems we had volume support at 16c a couple of times and that kind of stemmed the ongoing march downwards.
Until we get another big volume break in either direction we'll float between here until 5th April (where the apex of the triangle sits). Usually these triangle break around 70% into them, which could be any day now. The further we go into the apex the weaker the signal. The Super trend on the daily flipped to red yesterday when it broke below 16c. It would take a move above 21c now to flip it back to green again. 22c is key though.
How many shares on market between here and 22c? 334090 shares. So around $66k. It won't take much to move this small cap. Just someone with some spare cash and some conviction.
KSS Price at posting:
16.5¢ Sentiment: Sell Disclosure: Held
