KNL 0.00% 13.0¢ kibaran resources limited

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  1. 7,432 Posts.
    knl_ax03dec14_to_08feb15.png
    Lower Lows and Lower Highs = Downtrend with consolidation in the 14/18 zone.
    Resistance both by Gap and Downtrend line at 165/17.
    ie Break out at 17 'indicated' but further resistance at 20.

    Trading and staying over 20 is the downtrend reversal and Uptrend Indicator [sp over 200dema]

    Golden Cross [10/30] is not very indicative at this stage of time in a range/consolidation pattern.

    KNL currently for Holding/ Accumulating not st/day trading thus the Volumes.

    breaking 17 on Anticipation of news and/or Frankfurt Volume would be 'interesting".
 
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