Some support and resistance levels to keep an eye on
Updated
KULR is currenctly trading in a downward channel. It hit the bottom of the channel and is now moving up. I think with all the good news flowing in, this stock will soon break out and regain its highs. However be wary about previous resistance levels.
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Current rally went straight to the expected resistance. Let's hope that after some consolidation it can finally break out!Note
It now hit the resistance a second time in a week. With some more good news we should break through it and move up up the next resistance which is around 30 cents.Note
We officially broke out of the bearish channel and are forming a new base. Consolidation is happening, probably until ER. If ER is any good, this will jump up rapidly towards the 75 cents resistance.
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Seems like it moved up to the 75 cents before ER due to more good news coming in. Unless more news comes in, expect a small retrace and consolidation around the 56 cents area. Afterwards, on catalyst, we'll move over a dollar.Note
Broke out of a 3 year long falling wedge, is retesting the old resistance as new support and might take off from here.It went down hard in AH, but bounced strongly off the 200 SMA. Which are all very bullish signs.
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KULR has broken out of it's down trend and has found new highs.It's currently retesting the previous top, after which we should see a nice and steady move up. It will probably stabilize here for the next few days and see some continuation upwards next week. ibb.co/BnM8t34
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