Unfortunately your guess is as good as mine. I don't use predictions to stay in the market these days, too much of an unknown. You might ask why, right? It's simple, name me an investor that buy with pessimism. Name me another that hold with pessimism unless their loss goes exponential.
Personally chart reading is all about common sense and nothing to do with imagination or prediction. There is a school of TA giving the whole industry a bad name. TA is all about management of positions and nothing to do with measuring how long a piece of string will extend. Hence ignorant comments of tea leaves reading.
With specs, their sole existence or capital is the potential for drill results and discovery. Charts play a big but not only part in that management. The lure to stay in longer because of the belief that drill results can make valuation go exponential keeps holders longer exposed. You reap what you put in. Good luck.
KDR Price at posting:
55.5¢ Sentiment: None Disclosure: Not Held