From the news, we knew that KGN founders sold 3 million shares at $4.25 each
No matter what kinds of news are spreading right now, the W chart on the right has already told us how "Dark cloud cover" works. This candlestick pattern occurred on 16-Oct, few days before the news announcement.
If you hold this stock, then I recommend you to sell at the retracement zone on D chart.
From W chart on the right, it is going to crash further to test 40 SMA or Fib Ret 50% or 61.8% level.
No matter what kinds of news are spreading right now, the W chart on the right has already told us how "Dark cloud cover" works. This candlestick pattern occurred on 16-Oct, few days before the news announcement.
If you hold this stock, then I recommend you to sell at the retracement zone on D chart.
From W chart on the right, it is going to crash further to test 40 SMA or Fib Ret 50% or 61.8% level.
