Answering that would require someone with a lot more experience than I have
However, I have observed a number of Australian mining explorers with almost the exact same chart pattern over the last month or so. No action, then rapid spike, settling somewhere in the middle on a rising support line.
Ausgold, Golden State Mining, Maximus Resources, Venus Metals, Caenus Metals, Metalicity, etc etc
One possible explanation is the huge increase in gold prices lately, creating huge buyer hype for gold mining, and as the hype eased and people took profits, our prices settle.
AUD / USD currency exchange rates and how that influences overseas trading in comparable shares, not something I know anything about but probably comes into play
KAI Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
