Today Kepland has tested its critical support at $3.48 but managed to close higher at $3.53 though the trading volume is low at 5.68 million shares.
The white candle stick today with long upper/lower shadows indicated that this support may not be able to hold and investors are still deciding which direction to go. Kepland will likely to retest the support at $3.48 tomorrow. The 100 days MA will likely to act as resistance to prevent any further rally for this counter
Important Resistance of Kepland: $3.58
Immediate Support of Kepland: $3.48
2 ways to trade Kepland
1) Short if $3.48 support breaks at high volume
2) Buy if $3.58 resistance breaks at high volume.
For long term investors, we would encourage to wait if we can get at $3.35 or below since the support at $3.48 does not seems strong in short term.
0 comments:
Post a Comment