Karora
The stock pattern is easy to read it formed a large head and shoulders formation and broke down at 4.62
The exit by chartist at that time pushed the stock down into 2.60 range.
the company fundamentals have not changed but the owner ship of the stock has gone from chart watchers selling and shorting KRRGF.
It will take time to reconstruct a bottom pattern before it resumes it uptrend.
I am a buyer here at 2.70 and beleive the target over the next 9 months is $6.00
The exit by chartist at that time pushed the stock down into 2.60 range.
the company fundamentals have not changed but the owner ship of the stock has gone from chart watchers selling and shorting KRRGF.
It will take time to reconstruct a bottom pattern before it resumes it uptrend.
I am a buyer here at 2.70 and beleive the target over the next 9 months is $6.00
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