just checked the KNL chart - 8 months - daily... I think there are a few things which seemed pretty bullish to an amateur, L-plated chartist in me..
1. Golden crossover - 63-day EMA just crossed over the 150-day EMA (21-day EMA had recently crossed over the 63/150 EMA a few days ago)
2. a cup and handle formation in progress (I would say it is completed) - if so, then a breakout on crossing 23.5c a target of 31-32 is possible)
3. long tail on Friday - shows the market is ready to absorb any supply - pushing price down is not going to be easy
4. highest volume in a while observed yesterday
all in all pretty bullish... your comments on my amateur observations?
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- KNL chart - pretty bullish
just checked the KNL chart - 8 months - daily... I think there...
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7 | 235500 | 0.110 |
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14 | 335594 | 0.100 |
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