Post by
francoisl13 on May 17, 2024 1:25pm
Technically speaking (update)
As mentioned before, technical analysis for a microcap company is not as good as for larger companies but, it is interesting to note the following about KNE;
1. Short Term: The daily graph is in positive territory with a RSI above 60. The EMA10 is above the EMA30 which is also positive.
2. Mid-Term: The weekly graph is in positive territory with a RSI above 65. The EMA10 is above the EMA30 which is also positive.
3. Long-Term: The monthly graph moved into positive territory last month, RSI sits at 64. The EMA10 is about to cross the EMA30, when done, this will be another positive sign.
The only part missing is higher volume especially on a daily and weekly basis. Last month volume was huge so, the long-term signal is confirmed.
Exciting days ahead for KNE shareholders, that's for sure...
GLTA