Candles: KRC
Green: AVL
Purple: ASX 200
Still a lot of correlation here
I haven't included the other metrics as I am short on time and they aren't really interesting atm but in summary;
RSI still hovering just above oversold
Stoch crossed under and heading to oversold
MACD about to cross under, still below 0 but in a better position for the next run IMO
Vols dropped off, obv been slowly falling since late Sep
In terms of FA affecting the chart, personally I was so so on the fluorite SS and the market has responded in similar fashion. I was expecting to see some capex estimates to determine likelihood of KRC actually mining the resource. Management will have the numbers (to make the decision to move forward to PFS) and it would be good to see an update in the short term that meets ASX/ASIC reporting requirements to add a bit more weight to their decision to progress towards producing the PFS.
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Candles: KRCGreen: AVLPurple: ASX 200Still a lot of correlation...
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