It is low volume guys so the same applies on the way down as it does up. The indicators had been approaching oversold so some reversal was on the cards. the question is whether this is just a technical relief or something more substantianl. MACD approaching converging while oscillators are starting to turn. Support from uptrend channel LT and bounced off this and broke out through recent downtrend pattern. What we are really looking for is an upsurge in volume in the next few days to formalise the breakout (2 mil turnover day for KNL is my estimate).
KNL Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
