KZA Chart, page-294

We are still in a sideways drift in the absence of news. The recent little trot up in share price on modest volume suggests to me that shares on the ASX at least are in strong hands at the moment. The impatient have most likely been shaken out by now.

Yesterday's red engulfing candle on the ASX is very bearish. It suggests the share price will retrace back down to its recent support line. Last night's trading on NASDAQ is not as bearish. Perhaps we will retrace back down to the 200 day moving average which is sitting at about $1.32