Resistance turned support at about the golden pocket since breaking out on the 26Jun'24 and the first successful retest on the 23Jul'24, and with the latest retest on the 6Sep'24.
Ichimoku cloud have turned green as well since previous analysis.

A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround.
High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
Ichimoku cloud have turned green as well since previous analysis.

A strong pump up to above the 50% Fib retracement level before dropping back down, suggests substantial capital awaiting on the sidelines to re-enter upon sign of a turnaround.
High probability of KAS recovering back towards ATH if it is able to hold and establish support above the green 50 SMA line, and to eventually allow the red 21 EMA line to cross above again.
Trade closed: stop reached
KAS fell below orange 200 SMA, will wait for opportunity to reaccumulate later.Note
Conversely, if KAS somehow flips bullish inspite of what the current technicals suggest, I would continue to DCA in cautiously if KAS is able to first break above the solid arrowed yellow line, and enter in a lot more aggressively upon confirmation of a higher high (above the dashed yellow line at ca. 14 cents).Related publications
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.