Since news of
KEM
2nd offering:
- A drop in price every morning during market open.
- Rising wedge formations every day.
Today:
- Rising wedge ceased.
- Double bottom formed at $19.22 establishing floor support.
- Touched 50MA and pierced downward trendline.
What to look for to confirm trend reversal:
- Higher lows
- Price hovering above $19.70
- If price touches floor support of $19.22 again without going lower.
KEM
2nd offering: - A drop in price every morning during market open.
- Rising wedge formations every day.
Today:
- Rising wedge ceased.
- Double bottom formed at $19.22 establishing floor support.
- Touched 50MA and pierced downward trendline.
What to look for to confirm trend reversal:
- Higher lows
- Price hovering above $19.70
- If price touches floor support of $19.22 again without going lower.