KGL 0.68% 74.5¢ kgl resources limited

Price has reached a historic support/resistance area chart wise....

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    Price has reached a historic support/resistance area chart wise. If we find support in this area it will be a significant staging ground moving forward.
    On the weekly below look at that long base period over the past 7 years. The saying goes longer the base the bigger the break!
    I would expect some squat activity here to digest recent moves and ready for the next targets (resistance areas) around 54c, 136c, 177c and ATHs at 350c.

    https://hotcopper.com.au/data/attachments/2801/2801149-17798bd748e9640300173afca0e10115.jpg
 
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