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Trading, Charts, and Running Commentary, page-36

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beefarmer

15,355 Posts.

1413

27/11/17

23:02

Post #: 29161841
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Originally posted by Zestfulmocha ↑

Looks like panic selling has kicked in lol, the chart is already looking way oversold at 12c... silly to sell at this level.

The two pivot support levels are 12.6c and then 11.7c - with 11.8c being the 38.2% retracement from 4 week high - so should hold 12c (or 11.5c) fairly nicely, would be a decent entry for anyone on sidelines IMO.

Anybody who thinks a stock is going to grind it's way up to steadily for as long as it has only to be dropped like a hot rock in one day is kidding themselves. Has none of the characteristics of a pump a dump, not concerned here - only takes $25k to push the SP back to 13.5c.... drop in the ocean really and shows the real lack of sellers (regardless of what the SP says).

Volume traded between 10.5 -> 12.5 in the last 2 weeks has been significant, this will hold as a strong support - trust in the VWAP!

30min chart btw

View attachment 849773

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I am not a chartist but I do find your explanations easy to comprehend from a lay persons perspective. I also think we will be getting a favourable announcement earlier than forecasted by another Hc'er.

The Daniel Andrews knowledge was impressive.

All of these little things will hopefully allow KNM to pay that one cent divi.

KNM Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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