KPO Chart Thread, page-477

As suggested, KPO met resistance at around 6.2c and heavy resistance at the top of the bollinger at 6.5c. Noted by Red Arrows.

Indicators turning bearish. Stoch peaked, reversing to the downside. RSI Down, Moneyflow Down.

V.Short term Bearish.

Short-Mid Term, I don't see that lower downtrend channel as sustainable since the bottom of the channel would be around 3.8c at the end of July, will most likely break up into that second channel in the short term barring any bad news. Will also come up against the 5c line which has offered good support in the past.

Mid-Term Bullish expecting decent news, but manage your expectations. The 13c days are a long way off. My opinion for Realistic price projections with positive newsflow would be for 7-8c by the end of July and 9c in August. Expect heavy resistance between 10.5c and 13c, if/when it gets back there.