Let's face facts. Only a bit over 2 months ago this stock was trading at just 3.5c. It has soared past 20c but has really only closed above 20c on 14 trading days so far, above 25c on only 3 days. There has been a placement at 19c. Even with the bearish market as it has been over the last two weeks, the stock has managed to maintain its integrity and zipped back over 19c both times the market has tanked and recovered slightly. This tells me that the 19c is indeed a strong support point. The stock is STILL 5 times its price in June.
The confidence is there I have no doubt about it. If it wasn't , under the current market climate it would not have sustained current levels and would have floated right back to its June levels. It has not done that and is, takeaway the quick rise over 25c, close to its highs.
Very positive in my view.
KSX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
