We should wait for a breakout and and a retest of the resistance zone and then we can enter .a buy. RSI indicator also point to same reaction on the daily time frame which is at over sold and and as high tendency to go ☝️☝️☝️. The 50MA also shows a tendency for a increase in price, watch out.
Since KNC is still in an uptrend as all potential to reverse and use former resistance as support to break former highs. 2ATR atleast from entry and a stop loss of 1ATR should give us a good risk reward ratio.