KRONO - Strong comeback - 0.605 big support
Greetings to all.
Here is a technical review on KRONO.
1. V-bottom pattern was spotted after the company released good earnings in recent QR announcement.
2. Based on the Fibonacci key levels, 0.605 is the important support, while the resistance levels are 0.66 and 0.72-0.725.
3. MACD bullish crossover spotted and RSI broke the 50% resistance.
4. As of this morning session, the price surged from 0.62 to hit a high of 0.66 (+6.24%).
5. Watch if the resistance 0.66 is broken the next target will be 0.72-0.725.
This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
Here is a technical review on KRONO.
1. V-bottom pattern was spotted after the company released good earnings in recent QR announcement.
2. Based on the Fibonacci key levels, 0.605 is the important support, while the resistance levels are 0.66 and 0.72-0.725.
3. MACD bullish crossover spotted and RSI broke the 50% resistance.
4. As of this morning session, the price surged from 0.62 to hit a high of 0.66 (+6.24%).
5. Watch if the resistance 0.66 is broken the next target will be 0.72-0.725.
This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
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