KRR 7.69% 1.4¢ king river resources limited

I've had KRC on my watch list for over 12 months, watched it...

  1. 345 Posts.
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    I've had KRC on my watch list for over 12 months, watched it grow and grow but had no money on it, sort of just learning at the time (And still), it sat in my watchlist at 3500+% at one stage lol.

    Anyway I haven't followed KRC's fundamentals so I don't know what catalysts are coming up that may change price or influence the chart. From what I've learned, be it right or wrong, here's the chart/s as I see it pretty well purely technically.

    Stochastic 5/3/3 lined up perfectly to jump and from a very low point, well under 20%, could climb fast.

    MFI under 50% but climbing on daily chart, 5 minute has MFI rising but still only to around 24% which indicates money still flowing out and needs to keep moving up over 50% but is heading in the right direction slowly.

    MACD is about to turn, maybe, 5 min chart has it just crossing, one or two positive days will have it crossed over on daily chart.

    RSI way oversold but needs to turn around before it can head up near the 75+%.

    Price just hit top of 100 day SMA and is well below the 14 day SMA, interesting to see if it falls through the 100day SMA.

    MO very low, momentum has sloooowed. Volume dropped right off main reason MFI is down, needs more volume to pull it up (Captain Obvious),  Catalysts of sorts? Drilling, Mt Remarkable, sample results, concept studies, recovery processes, scoping studies. Major Investors from Hong Kong road show?

    Last two days green reasonable volume has helped the slow turn around, still small but up from previous low volume days.
    Trading over $1M per day last two days, around 15M shares traded mid range day
    Highest day this month so far 24M,
    Highest day for April 88M, March had a high volume day where 198M shares changed hands and also had a stack of other high volume days up close to the 100M.

    Price has fallen over last month under very low volume, not much on register in either direction.

    Personally I think it looks set to turn around, maybe a few days yet, the 100 day SMA might be a bit of a worry. my guess is 0.063 bottom being approx 66% from the high of 0.19 if it does keep dropping.

    Were they looking for offtake partners or outright cash investors in Hong Kong? Or either? Or both?

    2018-05-17 (1).png 2018-05-17 (2).png candlestick charting.png
 
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Last
1.4¢
Change
0.001(7.69%)
Mkt cap ! $21.74M
Open High Low Value Volume
1.2¢ 1.4¢ 1.2¢ $45.76K 3.595M

Buyers (Bids)

No. Vol. Price($)
4 429816 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 240972 4
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
KRR (ASX) Chart
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