KING RIVER - UPDATE - BUY ZONE APPROACHING- POTENTIAL +15%
As noted in my previous analysis on the 26th September, KRC failed to close above $0.064 on the monthly and is on the way to test the intra-week lows of $0.044-$0.037.
IF these areas hold, this month ill be looking to scale my buys in between $0.044-$0.037.
Overall the R/R trade is appealing.
Over the next 3 weeks, for the price to have any hope of going up I'd expect that strong support area to hold, followed by 1-2 weeks of a tightening range, then a nice push up.
To confirm the uptrend is in place, refer to the moving averages, you'd want to see the price sitting above the 5MA > 8MA > 13MA > 21MA.
Failure to hold the strong support will result in further downside to $0.020 area.
Not financial advice.
IF these areas hold, this month ill be looking to scale my buys in between $0.044-$0.037.
Overall the R/R trade is appealing.
Over the next 3 weeks, for the price to have any hope of going up I'd expect that strong support area to hold, followed by 1-2 weeks of a tightening range, then a nice push up.
To confirm the uptrend is in place, refer to the moving averages, you'd want to see the price sitting above the 5MA > 8MA > 13MA > 21MA.
Failure to hold the strong support will result in further downside to $0.020 area.
Not financial advice.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.