KNC - Recently Broke

٢٥ ديسمبر ٢٠٢٣

We have seen a falling wedge pattern form for KNC (green lines). Yesterday we closed a daily candle above confirming the breakout. It is possible we see a retest of the green trendline as new support, but our measured move price target is around $0.90.

This in confluence with KNC holding the 21 & 50 MA as support on the weekly timeframe.