KSN 1.23% 8.0¢ kingston resources limited

Well, always impressed to see those thread forgottenBullish...

  1. 33 Posts.
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    Well, always impressed to see those thread forgotten

    Bullish signals :
    • SAR green, below prices, trending north
    • Supertrend green, below prices, freshly reversed from the downwards trend from the pas couple months
    • MACD minus signals has changed polarity last week, has crossed the zero line and doesn't show sign of weakening in this positive region.
    • Major oblique support was hit on october 14th, Subsequent bounce confirmed the upward canal started back in April.
    • SMA 50 (medium-long Term) is still slowly heading North even with the recent bearish consolidation.
    • SMA 20 ( short term) is rising fast, expected to cross the SMA 50 soon at the current pace.
    • Ichimoku Senkou span cloud is thining, and could easily se its polarity reversed. Prices are already above it anyway
    • Ichimoku Chikou Lagging Span had crossed the prices upward and is now above past candles.
    • Tenkan Sen and Kidjun are trending up too. Short term is above the medium term trend on this indicator.
    • RSI is high, yet not overbought. Buying pressure is high, but still some room for growth.
    • Prices are following the Bollinger nicely, could expect to reach the local high of 0.30 quite soon.

    Bearish signals :
    • The cloud has not yet been closed and reversed polarity.
    • A retreacement to the SMA 7 could be possible it the prices keep soaring out of the upper bollinger.
    • Some resistance could be expected by the mid-canal / 0.3 horizontal resistance in a few days.

    Tell me what you see and think
    https://hotcopper.com.au/data/attachments/2593/2593404-3a0db1e87c074cd0b981f78ba346a94b.jpg
 
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