I thought I'd start a TA thread as this has the hallmarks of a move in the price action.
We saw some significant uptick in volume yesterday and a big move to close near the days highs at 3.2cents. A clear breakout of the previous downtrend. The volume was in excess of 6 Million shares traded. Today we are seeing very little selling pressure and a low volume backtest to see what supply is around. Very little so far with only 100K shares traded.
A break through 3.5cents will see the confirmation of a new uptrend and we are away. A little bit for sale (around a million shares) at 3.5 so someone is aware of that.
It is very encouraging that the TA appears to be aligning with fundamentals with a real strengthening of the register through the last capital raising. Also we are moving rapidly closer to FNTP and we know there will be a bunch of announcements that need to come out prior to that.
I think this time might be for real IMHO!
KPO Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)