KAL according to my charts tested the 68.5 Fib three times before rebounding in late Nov/early Dec. Then three times a week and a half later eventually it breaking the line. It then proceeded to break the 50 then hold for a few days before retesting the line during the past four TP.
It has also now tested the 38.2 three times in the last 9 TP as well.
I think KAL was due to break the 50 yesterday, however as a result of the big dump on low volume it retraced. I expect today we should break the 50 and hopefully stablise above 16.5c.
Any thoughts?
KAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
