#KNC : TRADE SETUP
Price broke above $0.80 but failed to hold above it as traders began to take profits (selling pressure). Pull back near support at 200-day moving average (~$0.63) could be an attractive swing trade entry in Uptrend, with upside potential back to $0.80 or $0.95. (set a price alert).
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $0.57. The nearest Resistance Zone is $0.80, then $0.95.
