Potential exhaustion levels for the current pullback are $0.52, $0.495 and $0.465.
A reversal at $0.52 would see the support line of the uptrend remain intact. The recent uptrend appears to be a broadening wedge with no strong support line forming a bottom to the channel indicating support to continue in uptrend is weak. The P&F chart suggests that $0.465 would be a strong level of support and could be a great buy opportunity.
KZA Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
