KAS - Slightly bullish, make or break in the next few days
KAS - Slightly bullish. MACD coming back to neutral, despite recent selling pressure and bearish divergence. KAS is still staying within the larger bull channel and held at the 0.12 cent level, so I expect a possible bounce to 0.17 before coming back down to the 200 DMA. If we hold at the 0.14 level, I foresee KAS testing the shorter bull channel lower bound which is now resistance.
If KAS does not hold at the 0.14 level over the next few days, I expect it will test the bottom of the larger channel which is in the 0.12 cent range. In that case, it might bounce off the bottom of the channel keeping in the bullish structure but a death cross can push KAS out of that channel quickly on failure.
If KAS does not hold at the 0.14 level over the next few days, I expect it will test the bottom of the larger channel which is in the 0.12 cent range. In that case, it might bounce off the bottom of the channel keeping in the bullish structure but a death cross can push KAS out of that channel quickly on failure.
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