There are many indicators and strategies out there, this is some basic for anyone who is interested.
KRR is in a falling wedge and is at a strong resistance point. It has been sitting under the 55 EMA for a few days now and as you can see by the arrows it has been rejected at these points.
First i would like to see the price find support above the 55, then break out of the wedge and find support above the fib. However the top wedge resistance and the .78 Fib and the 55 are all intersecting around the same point which creates strong resistance. I would anticipate a pull back before having another crack. Hopefully a well timed announcement will bring the volume needed to break out.
TA is a guide not set in stone, if something changes you don't cry but adapt and react.
KRR Chart, page-46
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 (20min delay)
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $16.57K | 1.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 373860 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1975212 | 8 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
0.9¢ |
Change
-0.001 ( 10.0 %) |
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| Open | High | Low | Volume | ||
| 0.9¢ | 0.9¢ | 0.9¢ | 500000 | ||
| Last updated 15.57pm 07/06/2024 ? | |||||
| KRR (ASX) Chart |