Looking at KAL from a techincal perspective things may not be a bad as they appear.
The Bol. Bands are definately tightening, extremely low volume and it appears to be well oversold. Whilst the Fib doesn't look good it might not take much to turn KAL around. It is those who haven't researched KAL or are impatient that are selling out.
I think by the end of the month we will see 16c (at least!) regardless of announcements or not. This is based on the fact that KAL shares appear to be held tightly and the selling out is likely to cover margin calls etc during this shakey period that the ASX is experiencing.
The Facts about this company remain the same and have not changed. If anything the strength of the company is growing.
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
