KLW is currently trading just below the 0.035 immediate resistance which it has been below since Nov 2013. Tested a total of 4 times including today but no breakout seen yet. Monitor closely for a breakout above 0.035 which can see it go to 0.038 fast. A slight Ascending Triangle Formation pattern formed since Nov 2013 can be seen. Aggressive traders can consider some long positions in wait of breakout. Huge Sellers 65m shares seen at 0.035 at the moment currently but volume remains high at TOP 10 volume which can signal an impending upside movement.
Stop loss at 0.029
No comments:
Post a Comment