Going by this chart from last week ( thanks Saragian) and today’s news to build it on it, I am going to assume KDR has a technical likelihood of finding a new (possibly short term) base over the line at $1.40.
This is backed up by the fact (whether real or not) there’s is a bid for 100,000 shares currently sitting just under the line at $1.395.
The share price is currently sitting at around 6-8% gain on an overall rotten egg of a market day.
I assume tenement security opens the way for another/more entity/entities to confirm it’s/their intentions to “buy in” to the tenement.
If this happens, another 10% gain on $1.45 would bump the price up to around $1.60. (Which - coincidentally or not- is where the lower linear line is pointing.)
My question is:
Given the current market does anyone see any short term technical possibilities of jumping over the lower linear line ?
Cheers
Going by this chart from last week ( thanks Saragian) and...
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