KNC breached bullish flag and is pushing up against $2
KNC looks primed for a breakout imo. The previous period of consolidation was followed by a swing to the upside which was turned down by the $2 sell wall. We had a few days battling with $2 sell wall but sellers weren't able to bat KNC far away - currently ranging in consolidation box two. The more a resistance gets tested the weaker it gets. It's only a matter of time before KNC swings to the upside imo. The question is when?
There also looks like there is confluence on the move, as RSI supports ascending trendline having broken the previous descending one and is now making higher lows. Things looking pretty bullish from here.
I don't think here is a good price to long, either accumulate on the dips or wait for a meaningful $2 SR flip.
There also looks like there is confluence on the move, as RSI supports ascending trendline having broken the previous descending one and is now making higher lows. Things looking pretty bullish from here.
I don't think here is a good price to long, either accumulate on the dips or wait for a meaningful $2 SR flip.
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