Tuesday, March 18, 2014

************** Potential Breakout: KLW. Price 0.044 ( When will the 0.046 and 0.047 clear ?)

KLW has been consolidating below 0.046 for almost 2 months already. Testing this critical resistance today again on TOP 2 volume. So far to no avail that it has broken up. You can see from the chart that it has formed higher lows since a month ago and staying close to the 20 DAY MA line, support would be at 0.40 currently. Potential upside to 0.50 the 0.054 if key resistance levels are cleared. Monitor closely for any breakout
Stop loss at 0.038
 
 

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